Indian Oil Corporation Limited has announced a second interim dividend of 20% for the financial year 2025-26, amounting to Rs. 2 per share.
Indian Oil Corporation Limited Declares 2nd 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 is significant as it reflects the company’s ongoing commitment to rewarding its shareholders.
The declared dividend amounts to Rs. 2 per equity share of Rs. 10 each. This follows the company’s first interim dividend of ₹5 per share, which was announced earlier, with a record date of December 18, 2025.
The record date for this second interim dividend is set for March 12, 2026, which will determine the shareholders eligible to receive the payment. Shareholders can expect the dividend to be paid on or before April 5, 2026.
In the context of taxation, resident shareholders with a valid Permanent Account Number (PAN) will experience a 10% deduction as Tax Deducted at Source (TDS) on their dividend payments. Meanwhile, non-resident investors will face a higher TDS rate of 20% from their dividend payments.
Indian Oil Corporation Limited, recognized as India’s largest state-owned oil and gas company, has a history of providing dividends to its shareholders, which is an essential aspect of its corporate governance and financial strategy.
The first interim dividend of ₹5 per share and the final dividend of ₹3 per share, with a record date of August 8, 2025, indicate a consistent approach to shareholder returns.
This recent announcement of the second interim dividend underscores the company’s robust financial performance and its ability to generate returns for its investors, even amidst fluctuating market conditions.
As the payment date approaches, shareholders will be keenly observing the developments surrounding the dividend distribution. This sequence of events is crucial for those involved, as it directly impacts their investment returns.
Details remain unconfirmed regarding any potential changes in the dividend policy or future distributions, but the current interim dividend reflects a positive outlook for Indian Oil Corporation Limited.
