Indian Oil Corporation Limited has informed the Exchange that Board of Directors at its meeting held on March 06, 2026, declared Interim Dividend of Rs. 2 per equity share.
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Indian Oil Corporation's Board, at its meeting on March 6, 2026, declared a 2nd Interim Dividend of Rs. 2.00 per equity share (20%) on shares of face value Rs. 10 for FY 2025-26. The record date for eligibility has been fixed as Thursday, March 12, 2026, and the dividend will be paid to eligible shareholders on or before April 5, 2026. This is the second interim dividend in the current financial year, following an earlier declaration communicated on February 26, 2026. The board meeting concluded within 30 minutes, indicating a routine, procedural decision.
Shareholders who hold IOCL shares by the March 12, 2026 record date will receive Rs. 2 per share, providing a modest near-term cash inflow. Given IOCL's typical share price range, this translates to a low single-digit dividend yield, offering limited income appeal but reflecting the PSU's consistent dividend track record.