Ioc dividend 2023

Indian Oil Corporation (NSE: IOC) shares are attracting attention on Wednesday, as investors eagerly await the dividend announcement and quarterly results for the January-March period of FY23. The stock opened at Rs 85.40 and reached an intraday high of Rs 86.60. Over the past two days, the stock has been gaining momentum and has risen by nearly 3 percent during this period. Over the past two days, the stock has been gaining momentum and has risen by nearly 3 percent during this period. It is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating increased investor participation. Notably, the delivery volume on March 31 stood at 60.54 lakh shares, showing a significant 41.98 percent increase compared to the 5-day average delivery volume. According to exchange data, around 2.09 crore shares of the state-run oil marketing company have changed hands at an average price of Rs 85.60 on the NSE as of 1:30 PM. At the current price, the stock is trading at a price-to-earnings (P/E) ratio of 19.34, while the price-to-book value ratio stands at 0.94. Domestic brokerage firm Sharekhan anticipates a strong turnaround in earnings for oil marketing companies (OMCs) in Q4FY23, supported by a positive contribution from the marketing segment in terms of earnings before interest, taxes, depreciation, and amortization (EBITDA). Sharekhan expects Indian Oil to report a profit after tax (PAT) of Rs 7,421 crore, a massive 1,556.3 percent increase com...

Following the announcement of these impressive financial results, IOC has declared a mega dividend for its shareholders. The state-owned oil marketing company stated in an exchange filing that the board has recommended a 30 percent dividend per equity share with a face value of Rs 10. It's important to note that the dividend is calculated based on the face value of a share and is independent of the market price. IOC has proposed to pay a dividend of 30 percent, equivalent to Rs 3 per share. The company mentioned in its filing, "...the Board has recommended a final dividend of 30 percent for the year 2022-23 i.e., Rs 3 per equity share of face value of Rs 10 each...". The approval of the shareholders at the upcoming Annual General Meeting (AGM) will be required for the dividend to be finalized. These financial results and the declaration of a substantial dividend highlight IOC's strong performance and shareholder-friendly approach. The significant increase in net profit and revenue demonstrates the company's ability to generate higher earnings and capitalize on growth opportunities. The positive market response with an increase in stock price reflects investor confidence in IOC's financial prospects and strategic initiatives.

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The dividend would be paid within 30 days from the date of the declaration at the AGM. The record date for payment of the final dividend would be fixed and intimated in due course. Segment wise, revenue from petroleum products was up by 11 per cent to ₹2,20,428.74 during the fourth quarter from ₹1,99,161.55 reported a year ago. While, sales from the petrochemicals business declined 27 per cent cent to ₹6,282 crore for the quarter ended March, compared with ₹8009 crore in the March quarter of last year. Revenue from the other business activities rose 21 per cent to ₹8,798 crore for the quarter under review. It was ₹7,253 crore in the same quarter last year. On a sequential basis, net profit soared multifold from ₹890 crore recorded in the December quarter. On Tuesday, the company's scrip was 3.79 per cent up at ₹87.40 on BSE.

Dividend paying stocks can sometimes emerge a good bet against traditional risk-free investment options like Employees' Provident Fund (EPF), Public Provident Fund (PPF) or bank fixed deposit (FD). In last one year, a good number of stocks listed on Dalal Street have delivered better annual dividend yield than PPF, EPF or bank FD interest in this period. Shares of Indian Oil Corporation (IOC) Limited is one such stock. In last one year, the state-owned company announced dividend on two occasions whereas it declared bonus shares for once as well. Taking both dividends and issuance of bonus shares in last one year, the dividend yield of IOC shares come around 9.50 per cent, much higher than bank FD interest rates or PPF and EPF interest rates. IOC dividend history In last one year, IOC stocks traded ex-dividend on 9th February 2022 and 11th August 2022. On 9th February 2022, IOC share price traded ex-dividend for payment of ₹4 per equity share interim dividend. Similarly, on 11th August 2022, IOC shares traded ex-dividend for payment of ₹2.40 per equity share final dividend. IOC bonus share history However, there is a twist in between these two dividend payments. The PSU stock announced bonus shares in between these two dividend announcements. On 30th June 2022, IOC shares traded ex-bonus for issuance of bonus shares in the ratio of 1:2. This means, the state-owned company gave one bonus share for holding two IOC shares in one's stock portfolio. So, those ₹3.60 ( ₹2.4 x 1.5)...

• • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • (Updated) • • • • Stay connected & Updated • • • • Labrador Iron Ore Royalty Corporation (the "Corporation") announced that Iron Ore Company of Canada ("IOC") has declared a dividend payable on December 23, 2021. The Corporation's portion is U.S. $37,750,000 or about CDN. $47.9 million. About Labrador Iron Ore Royalty Corporation The Corporation holds a 15.10% equity interest in IOC directly and through its wholly-owned subsidiary, Hollinger-Hanna Limited, and receives a 7% gross overriding royalty and a 10 cent per tonne commission on all iron ore products produced, sold and shipped by IOC. SOURCE Labrador Iron Ore Royalty Corporation View original content: News Provided by Canada Newswire via QuoteMedia About Labrador Iron Ore Royalty Corporation The Corporation holds a 15.10% equity interest in IOC directly and through its wholly-owned subsidiary, Hollinger-Hanna Limited, and receives a 7% gross overriding royalty and a 10 cent per tonne commission on all iron ore products produced, sold and shipped by IOC. Labrador Iron Ore Royalty Corporation ("LIORC") announced that Iron Ore Company of Canada ("IOC"), in which LIORC holds a 15.1% equity interest, has declar...

Indian Oil Corporation Limited declared an Interim Dividend of 50% i.e. INR 5 per equity share of face value of INR 10/- each for the year 2021-2022. The Interim Dividend would be paid to eligible shareholders on or before November 29, 2021. The Board has fixed November 12, 2021 as the " record date" for the purpose of ascertaining the eligibility of shareholders for payment of interim dividend.

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