Indian Oil Corporation Limited (IOC) stands as a cornerstone of India’s energy sector. Since its inception in the 1950s, IOC has not only powered the nation with energy but also rewarded its investors steadily through dividends. This article traces IOC’s dividend history and growth milestones, helping investors and demat account holders understand its value.
In its early years, IOC focused on building critical infrastructure, expanding refining capacity, and establishing an extensive distribution network. During this foundational period (1959-60 to 1965-66), the company did not declare dividends, as most earnings were reinvested to ensure future growth.
| Financial Year(s) | Dividend Percentage | Notes |
| 1995-96 | Final dividend: 40% | Start of significant dividend increase |
| 1998-99 | Final dividend: 130% + interim dividends | Marked peak of early dividend boom |
| 2005-06 | Final dividend: 125%, Interim dividend: 60% | Post-merger enhanced equity |
| 2009-11 | Dividends ranged between 95% and 130% | Consistent high payouts |
| 2017-18 | Interim dividend: 190% | Standout high interim dividend |
This surge in dividends coincided with several key milestones that shaped IOC’s expansion and success.
IOC is expanding its refining capacity with major projects at Panipat, Gujarat, and Barauni refineries. To improve its supply efficiency, it is also investing in the Mundra-Panipat pipeline. Besides, it is also developing its capacity to produce alternative fuels, hydrogen energy, and electric vehicle infrastructure to support a sustainable future.
Read more: HDFC Bank Dividend History: Total Dividend Payout Reached ₹81 Since FY22.
Indian Oil Corporation’s dividend history mirrors its journey from a foundation-building enterprise to a modern energy leader. With consistent dividends, strategic growth, and sustainability initiatives, IOC continues to reward shareholders and promises a strong future. For demat account holders, investing in IOC offers both income and growth potential as India’s energy landscape evolves.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Aug 18, 2025, 2:08 PM IST
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