Investors holding shares of Indian Oil Corporation (IOC) have received some good news. The state-run oil major has announced another dividend, which means shareholders will soon receive some extra cash in their accounts.
The decision was taken during the company’s board meeting held on March 6, 2026. This is the second interim dividend for the current financial year. Here’s a quick and simple look at the key details investors should know.
Dividend Details: How Much Will Shareholders Get?
The board of Indian Oil Corporation has approved a second interim dividend of 2 Rs per equity share. The company’s share has a face value of 10 Rs, so the dividend works out to 20% of the face value.
IOC has already paid dividends earlier this year, and this new payout continues its track record of rewarding shareholders regularly. Because of this, the stock is often popular among investors who prefer steady dividend income.
Important Dates to Remember
If you want to receive this dividend, these dates are important:
Record Date: March 12, 2026
Dividend Payment Date: On or before April 5, 2026
The record date is the day the company checks its shareholder list to decide who will get the dividend.
One Important Rule for Investors
India now follows a T+1 settlement system. This means investors must buy IOC shares at least one trading day before the record date to qualify for the dividend.
If you buy the stock on the record date itself, you will not be eligible for this payout.
Strong Profit Growth in the December Quarter
Along with the dividend announcement, the company’s latest financial results have also attracted attention.
For the October–December quarter (Q3 FY26), Indian Oil Corporation reported a net profit of ₹12,126 crore. This is a big jump compared to the ₹2,874 crore profit reported in the same quarter last year.
What Helped the Company Earn More?
A few key factors supported the strong results:
IOC earned about $8.41 per barrel from refining crude oil, compared to $3.69 earlier. Petrol and diesel sales increased by around 5%, showing steady demand across the country. The company received compensation for selling domestic LPG at controlled prices, which helped its earnings.
What Happened to the Stock?
Even after the dividend announcement, IOC shares saw some profit booking on Friday and were trading around ₹168–₹170.
Still, many market experts remain positive about the stock. One of the reasons is its healthy dividend yield of around 4.7%, which makes it attractive for long-term investors who want regular income from their investments.
A Small Tax Reminder
Investors should also remember that dividends are taxable.
If the total dividend you receive from Indian Oil Corporation during the year is more than ₹10,000, the company may deduct 10% TDS, provided your PAN is linked with your demat account.
