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 Date||Dividend (Rs)||Dividend Type||Dividend (%)||Ex-Date|
|November 1, 2021||5||Interim||50||November 11, 2021|
|May 19, 2021||1.5||Final||15||August 5, 2021|
|March 10, 2021||3||Interim||30||March 23, 2021|
|January 29, 2021||7.5||Interim||75||February 9, 2021|
|March 13, 2020||4.25||Interim||42.5||March 23, 2020|
|May 17, 2019||1||Final||10||August 21, 2019|
|March 13, 2019||1.5||Interim||15||March 27, 2019|
|December 13, 2018||6.75||Interim||67.5||December 21, 2018|
|May 22, 2018||2||Final||20||August 20, 2018|
|January 30, 2018||19||Interim||190||February 8, 2018|
|May 26, 2017||1||Final||10||August 18, 2017|
|March 23, 2017||4.5||Interim||45||March 24, 2017|
|January 31, 2017||13.5||Interim||135||February 9, 2017|
|May 27, 2016||8.5||Final||85||September 2, 2016|
|February 12, 2016||5.5||Interim||55||February 23, 2016|
|May 29, 2015||6.6||Final||66||September 4, 2015|
|May 29, 2014||8.7||Final||87||August 14, 2014|
|May 30, 2013||6.2||Final||62||August 22, 2013|
|May 28, 2012||5||Final||50||September 5, 2012|
|May 30, 2011||9.5||Final||95||September 15, 2011|
|May 28, 2010||13||Final||130||September 8, 2010|
|May 29, 2009||7.5||Final||75||September 2, 2009|
|May 28, 2008||5.5||Final||55||September 9, 2008|
|May 28, 2007||13||Final||130||September 10, 2007|
|December 7, 2006||6||Interim||60||December 26, 2006|
|May 26, 2006||12.5||Final||125||September 7, 2006|
|May 30, 2005||10||Final||100||September 8, 2005|
|December 7, 2004||4.5||Interim||45||December 29, 2004|
|June 8, 2004||16||Final||160||August 23, 2004|
|December 11, 2003||5||Interim||50||January 1, 2004|
|June 23, 2003||16||Final||160||September 18, 2003|
|January 2, 2003||5||Interim||50||February 3, 2003|
|June 18, 2002||0||Final||110||September 12, 2002|
|June 15, 2001||0||Final||95||August 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.