Indian Oil Corporation (IOC) has made a fresh announcement regarding its dividend for the financial year 2024-25.
Interim Dividend Declared
On January 30, 2025, IOC declared an interim dividend of ₹5 per equity share for the financial year 2024-25.
- Face Value of Share: ₹10
- Interim Dividend Amount: ₹5 per share
- Record Date: February 8, 2025
- Ex-Dividend Date: February 7, 2025
This means if you hold IOC shares before or on February 7, 2025, you will be eligible to receive the ₹5 dividend per share.
When Will You Get the Money?
According to IOC’s official statement, the dividend will be paid to all eligible shareholders on or before February 29, 2025.
What Is an Interim Dividend?
An interim dividend is paid by a company before the final yearly results are announced. It is usually given when the company is confident about its financial performance.
Summary Table
| Detail | Info |
|---|---|
| Dividend Type | Interim |
| Dividend Amount | ₹5 per share |
| Face Value of Share | ₹10 |
| Ex-Dividend Date | February 7, 2025 |
| Record Date | February 8, 2025 |
| Payout Date (on or before) | February 29, 2025 |
IOC’s Consistent Performance
IOC has been consistent in rewarding shareholders through regular dividends. This interim dividend is another positive signal from the company showing healthy profits and strong cash reserves.