IOC Announces First Interim Dividend for FY26: Check Dividend History, Record Date and More

Indian Oil Corporation Ltd. (IOC), the country’s largest state-owned oil refiner, has announced its first interim dividend following a board meeting held on Friday, December 12. The board has approved an interim dividend of ₹5 per equity share, representing a 50% payout on the face value of ₹10 per share.

The record date for determining eligible shareholders has been fixed as December 18. The interim dividend will be paid on or before January 11, 2026. The current interim dividend will result in a total cash outgo of around ₹7,000 crore for the company. Earlier, in August this year, the IOC had paid a final dividend of ₹3 per share.

Indian Oil Dividend History

The company has announced several dividend payouts over the past years and the upcoming period. The most recent interim dividend of ₹5 per share is set with an ex-date of December 18, 2025. This follows a final dividend of ₹3 declared for August 8, 2025, and a higher final dividend of ₹7 paid on July 12, 2024.

Prior to these, an interim dividend of ₹5 was issued on November 10, 2023, and a final dividend of ₹3 on July 28, 2023. These dividend actions reflect the company's consistent commitment to rewarding its shareholders regularly.

Retail Shareholder Participation

As of the end of September, IOC had 29.2 lakh retail shareholders, those with authorised share capital of up to ₹2 lakh, who together held a 5.64% stake in the company. These investors will collectively receive around ₹400 crore from the interim dividend payout.

The Government of India, which holds a 51.5% stake in Indian Oil, will receive a dividend payout of approximately ₹3,636 crore.

Also Read: Dividends and Bonus Issues This Week (Dec 15 - Dec 19): eClerx, Indian Oil, Can Fin Homes, Dr Lal Pathlabs to Hit Record Dates

Among IOC’s upstream peers, Oil India Ltd., which holds a 5.1% stake, will receive about ₹364 crore, while ONGC, with a 14.2% stake in the refiner, will be entitled to a dividend payout of around ₹1,002 crore.

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