IOC declares interim dividend of Rs 5 per share for FY26, sets December 18 as record date

The PSU oil marketing company (OMC) announced its decision after a board meeting held today. Its shares jumped 2% to hit the day’s high of Rs 164.85 on the BSE around 2:30 pm.

IOC shares have delivered 15% returns in the past 12 months, outperforming the benchmarks Nifty and the BSE Sensex, whose returns in the same period stand at 5.7% and 4.6%, respectively.

The stock is currently trading above its 50-day and 200-day simple moving averages (SMAs) of Rs 161.4 and Rs 145, respectively, according to Trendlyne data.

The company reported a consolidated net profit of Rs 7,818 crore in the September-ended quarter against a loss of Rs 170 crore in the year-ago period. The total revenue reported by Indian Oil Corporation in the quarter under review stood at Rs 179,272 crore, up 2% from Rs 175,699 crore in Q2FY25.

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According to Trendlyne, Indian Oil has declared 38 dividends since February 3, 2003. In the past 12 months, the company has declared an equity dividend amounting to Rs 3 per share. At the current share price of Rs 164, Indian Oil’s dividend yield is 1.83%.Also Read: Refex Industries shares hit 20% lower circuit after Income Tax search at company premises

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