Indian Oil Corporation Share Price in Focus; Declares 2nd Interim Dividend of ₹2 for FY 2025-26

Indian Oil Corporation Limited (IOCL) has announced the declaration of its 2nd interim dividend for the financial year 2025-26. This decision was made during the board meeting held on March 6, 2026. 

Details of the 2nd Interim Dividend 

The board of directors of IOCL has approved a 2nd interim dividend of 20%, translating to ₹2 per equity share with a face value of ₹10 each. This dividend is part of the company's commitment to rewarding its shareholders for their continued support and investment. 

The dividend will be distributed to eligible shareholders on or before April 5, 2026. The company has set March 12, 2026, as the record date to determine the eligibility of shareholders for receiving the dividend. 

Board Meeting Insights 

The board meeting, which commenced at 1:00 PM and concluded at 1:30 PM on March 6, 2026, was pivotal in finalising the dividend announcement. The decision aligns with the company's strategic financial management and shareholder value enhancement. 

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Impact on Shareholders 

Shareholders of Indian Oil Corporation can expect the interim dividend to be credited to their accounts by the specified date, provided they are on the company's records as of March 12, 2026.  

This dividend declaration is a reflection of the company's robust financial health and its ability to generate sustainable returns for its investors. 

Indian Oil Share Price Performance  

As of March 06, 2026, at 3:30 PM, Indian Oil share price on NSE was closed at ₹168.68 down by 1.67% from the previous closing price. 

Conclusion 

Indian Oil Corporation's announcement of a 2nd interim dividend for FY 2025-26 underscores its commitment to shareholder returns. With the dividend set at ₹2 per share, the company continues to demonstrate its financial stability and dedication to rewarding its investors. 

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