Indian Oil Corporation Limited Declares Interim Dividend
On March 6, 2026, Indian Oil Corporation Limited announced a second interim dividend of 20% for the financial year 2025-26. This decision was made during a Board meeting held on the same day.
The declared dividend amounts to Rs. 2 per equity share of Rs. 10 each, marking a significant return for shareholders. The payment to eligible shareholders is scheduled to be made on or before April 5, 2026.
To determine eligible shareholders, a record date has been fixed for March 12, 2026. This means that only those who hold shares by this date will qualify for the dividend payout.
This announcement follows a previous interim dividend of ₹5 per share, which was declared with a record date of December 18, 2025. Additionally, a final dividend of ₹3 per share was issued earlier, with a record date of August 8, 2025.
For resident shareholders possessing a valid Permanent Account Number (PAN), a 10% Tax Deducted at Source (TDS) will apply. Conversely, shareholders without a valid PAN will face a higher deduction of 20% from their dividend payments.
Shareholders are reminded that the deadline to submit documents for TDS benefits is also March 12, 2026. This is crucial for those looking to minimize their tax liabilities on the dividend received.
As of March 6, 2026, Indian Oil’s market capitalisation stands at ₹2.41 lakh crore. However, it is noteworthy that the company’s stock declined approximately 9% in the week leading up to this dividend announcement.
The declaration of the interim dividend is significant for shareholders, as it reflects the company’s financial health and commitment to returning value to its investors. The timing and amount of dividends can influence market perceptions and investor confidence.
Overall, this announcement is a key development for those invested in Indian Oil Corporation Limited, and it highlights the ongoing financial strategies employed by the company to engage with its shareholders.
