Indian Oil Corporation (IOC) Dividend History

iocl dividend history

Indian Oil Corporation (IOC) Limited is an Indian government corporation that is under the ownership of the Ministry of Petroleum and Natural Gas, Government of India, and was founded on 30 June 1959 by Mohamed Premji. Indian Oil corporations headquarter is in New Delhi (headquarters), Mumbai (registered office)

Indian Oil Corporation’s key products include LNG, Lubricants, Natural gas, Petrochemicals, Petroleum.

A dividend is a small form of payment given out of the profits to shareholders of a company as a form of gratitude. They are nowadays considered an important test to see the company’s strength and determine the enterprise as a stable corporation. 

They have even become a form of secondary income for investors that want a maximum return from their portfolio. This article will cover everything you need to know about dividends before buying shares of a company.

IOC Dividend History

Announcement DateDividend (Rs)Dividend TypeDividend (%)Ex-Date
November 1, 20215Interim50November 11, 2021
May 19, 20211.5Final15August 5, 2021
March 10, 20213Interim30March 23, 2021
January 29, 20217.5Interim75February 9, 2021
March 13, 20204.25Interim42.5March 23, 2020
May 17, 20191Final10August 21, 2019
March 13, 20191.5Interim15March 27, 2019
December 13, 20186.75Interim67.5December 21, 2018
May 22, 20182Final20August 20, 2018
January 30, 201819Interim190February 8, 2018
May 26, 20171Final10August 18, 2017
March 23, 20174.5Interim45March 24, 2017
January 31, 201713.5Interim135February 9, 2017
May 27, 20168.5Final85September 2, 2016
February 12, 20165.5Interim55February 23, 2016
May 29, 20156.6Final66September 4, 2015
May 29, 20148.7Final87August 14, 2014
May 30, 20136.2Final62August 22, 2013
May 28, 20125Final50September 5, 2012
May 30, 20119.5Final95September 15, 2011
May 28, 201013Final130September 8, 2010
May 29, 20097.5Final75September 2, 2009
May 28, 20085.5Final55September 9, 2008
May 28, 200713Final130September 10, 2007
December 7, 20066Interim60December 26, 2006
May 26, 200612.5Final125September 7, 2006
May 30, 200510Final100September 8, 2005
December 7, 20044.5Interim45December 29, 2004
June 8, 200416Final160August 23, 2004
December 11, 20035Interim50January 1, 2004
June 23, 200316Final160September 18, 2003
January 2, 20035Interim50February 3, 2003
June 18, 20020Final110September 12, 2002
June 15, 20010Final95August 27, 2001

For the last 10 years, IOC is given dividends every year. IOC has a good track record of giving dividends.

Is Dividend Good for the Company?

Yes, a dividend is good for the company because it makes it more attractive to the shareholders. The return of profits can be seen as a thank you note for the investors to trust the company. Dividends are a strong sign that the company’s balance sheet is strong and positive. 

Companies that pay dividends with consistent returns tend to be highly valued stocks with high market share rates. High stock price means larger market capitalization, and the company has a larger credit score to take on debt.

Who is Eligible for a Dividend?

Any shareholder owns a company’s stock for more than one business day before the ex-date dividends are paid out.

How do Dividends Get Paid?

Dividends are paid to the shareholder through a cheque that the shareholder can encash. A shareholder can also apply to receive the dividends in the form of additional company stocks. The stock-based Dividend is called a DRIP (Dividend Return Investment Plans) and is considered an additional investment. 

Why do Companies not Pay Dividends?

Small companies or startups do not pay dividends to their shareholders because they tend to be growing firms. They need many investments to fuel the expansion and become bigger as a company. Only highly well-established companies with no need for investment for future expansion tend to pay dividends.

What is the Dividend Announcement Date?

The company management comes together to announce when the company will pay dividends to the shareholders. The data then has to be approved by the shareholders before encashing their dividend cheques.

Types of Dividend

There are three types of Dividends that shareholders can receive-

  • Cash Dividends: You can receive these in the electronic transfer or the form of a cheque.
  • Property Dividends: A shareholder can receive one of the company’s assets as a form of property dividends.
  • Stock Dividends: These are additional stocks issued to the shareholder as a form of dividend return.

What is the Ex-Date of the Dividend?

The ex-date of the Dividend refers to the specific date before which a new shareholder must apply for a Dividend. If the shareholder buys the stock on the day or the ex-date of the Dividend, the seller will get a dividend. It is essentially a deadline for the new shareholders to come on board to get a dividend.