Indian Oil Corporation (IOC) is one of India’s largest and most respected companies in the oil and gas sector. Established in 1959, it has grown to become a Fortune 500 company, playing a crucial role in refining, distribution, and marketing of petroleum products. Headquartered in New Delhi, IOC has a vast network of refineries and petrochemical plants, serving millions of customers across India.
What is a Dividend?
A dividend is a part of a company’s profits that it shares with its shareholders. It’s like a reward for investing in the company. When IOC makes money, it can decide to give some of that money back to the people who own its shares. Dividends are usually paid in cash, but they can also be in the form of additional shares, providing investors with regular income.
Importance of Dividend History
Looking at IOC’s dividend history helps investors understand how financially stable and profitable the company has been over time. A consistent record of paying dividends suggests the company is doing well and has enough money to share. Investors often look for companies with a history of increasing dividends, as this can indicate growth and confidence in future earnings. However, past trends don’t guarantee future results, especially with market fluctuations.
Detailed Dividend History
IOC’s dividend history, spanning decades, shows fluctuations influenced by its performance and corporate actions like bonus issues. The following table, compiled from reliable sources including the company’s official documents and financial platforms, lists the dividend per share for recent financial years, assuming a face value of ₹10 per share:
| Financial Year | Dividend per Share (₹) | Notes |
|---|---|---|
| 2023-24 | 7 | Final dividend announced on 30-04-2024, record date 12-07-2024 |
| 2022-23 | 15 | Includes final ₹10 and special ₹5, announced in August 2022 |
| 2021-22 | 10 | Final dividend, announced in August 2021 |
| 2020-21 | 10 | Final dividend, reflecting stable payouts |
| 2019-20 | 10 | Consistent with previous years |
| 2018-19 | 6.75 | Interim dividend, post-2018 bonus issue |
| 2017-18 | 21 | High payout, includes 190% interim and 20% final, post bonus |
| 2016-17 | 18 | Includes 135% 1st interim and 45% 2nd interim |
| 2015-16 | 14 | Combination of interim and final dividends |
| 2014-15 | 6.60 | Reflects lower payout compared to later years |
| 2013-14 | 8.70 | Steady increase in payouts |
| 2012-13 | 6.20 | Moderate dividend |
| 2011-12 | 5.00 | Lower payout, possibly due to market conditions |
| 2010-11 | 9.50 | Reflects growth in profits |
| 2009-10 | 13.00 | High payout, post-bonus issue |
| 2008-09 | 7.50 | Post-BRPL merger, stable payout |
| 2007-08 | 5.50 | Moderate dividend |
| 2006-07 | 13.00 | Post-IBP merger, high payout |
| 2005-06 | 12.50 | Consistent with growth phase |
| 2004-05 | 10.00 | Steady dividend |
The dividend trend shows significant variation, with a peak at ₹21 per share in 2017-18, likely influenced by high profits and bonus share issues that increased the share count. Post-2018, with multiple bonus issues (e.g., 1:1 in 2018 and 1:2 in 2022), the dividend per share stabilized at lower amounts, reflecting the dilution effect.
Recent years (2021-24) show a range of ₹7 to ₹15 per share, suggesting a strategy to maintain payouts amidst economic challenges like fluctuating crude prices and market competition. Notably, special dividends (e.g., ₹5 in 2022-23) indicate occasional extra rewards, possibly from surplus profits.
Indian Oil Corporation’s dividend history reflects its financial stability and commitment to shareholders, with payouts varying due to performance and corporate actions like bonus issues. While recent dividends are lower than the peak in 2017-18, they remain significant, offering insights for investors. This detailed analysis, grounded in verified data, provides a comprehensive view for Indian readers, ensuring clarity and relevance as of the current date.
