Dividend payment by Indian Oil Corporation Ltd

A dividend is an amount paid by the company to its shareholders out of its profits. These regular profit-sharing payment in the form of dividends is a corporate action initiated by the company regularly. 

As per a recent circular, Indian Oil Corporation Ltd. has announced a payment of dividend at Rs 3 for the Financial year 2023-24. The key dates for the same are as follows:

Company NameSymbolDividend AmountRecord date
Indian Oil Corporation Ltd.IOCRs 328-Jul-23
  • Adjustments of options contracts - The full value of the Dividend shall be deducted from the strike prices generated at the end of 27-Jul-23
  • Adjustments of futures contracts - The adjusted futures price will arrive at the reference rate less the Dividend amount 
  • Adjusted rates/strike prices will be available for trading w.e.f 28-Jul-23
  • Refer: NSE Circular

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