Indian Oil Corporation Limited Declares 2nd Interim Dividend
On March 6, 2026, Indian Oil Corporation Limited announced a significant financial update for its shareholders. The company declared a second interim dividend of 20% for the financial year 2025-26.
This dividend translates to Rs. 2 per equity share of Rs. 10 each, marking a notable return for investors. The announcement follows the company’s earlier interim dividend of ₹5 per share, which was declared in December 2025.
The record date for determining eligible shareholders for this second interim dividend has been set for March 12, 2026. This date is crucial as it will determine which shareholders will receive the dividend payment.
Eligible shareholders can expect to receive their payments on or before April 5, 2026. This timeline allows investors to plan their finances accordingly, especially those relying on dividend income.
For resident shareholders who possess a valid PAN, a 10% tax deduction at source (TDS) will apply to the dividend payments. Meanwhile, non-resident investors will face a higher TDS rate of 20% on their dividends.
Indian Oil Corporation Limited, recognized as India’s largest state-owned oil and gas company, continues to play a pivotal role in the energy sector. The recent dividend announcements are indicative of its robust financial health and commitment to shareholder returns.
As the payment dates approach, shareholders will be keen to see how these dividends impact their investments and overall financial strategies. The sequence of events surrounding the interim dividends highlights the company’s proactive approach in maintaining investor confidence.
Details remain unconfirmed regarding any future dividend announcements or changes in policy, but the current interim dividend reflects a positive outlook for Indian Oil Corporation Limited and its shareholders.
