Indian Oil Corporation Limited has informed the Exchange that Board of Directors at its meeting held on May 18, 2026, recommended Final Dividend of Rs. 1.25 per equity share.
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Indian Oil Corporation's Board of Directors has recommended a Final Dividend of Rs. 1.25 per equity share at its meeting held on May 18, 2026. This dividend is subject to approval by shareholders at the upcoming Annual General Meeting. The dividend per share translates to a 12.5% payout on the face value of Rs. 10 per share. As one of India's largest state-owned oil refiners, IOCL has a track record of paying regular dividends to shareholders. This recommendation is in line with the company's historical dividend practice.
The dividend recommendation is positive for retail shareholders as it provides income certainty, though the absolute amount of Rs. 1.25 per share is modest. The actual yield will depend on the prevailing market price of IOCL shares at the record date.