Indian Oil Corporation Ltd Announces Second Interim Dividend for FY26 The board of Indian Oil Corporation Ltd approved a second interim dividend for the financial year 2025-26 at its meeting held on March 6. The company declared a 20% interim dividend, equivalent to ₹2 per equity share of face value ₹10 each, for FY26. This payout will be made to eligible shareholders on or before April 5, 2026. The record date to determine which shareholders are eligible to receive the interim dividend has been fixed as Thursday, March 12, 2026. Only investors who hold shares of the company on this specific date are entitled to receive the dividend payout. Investors who buy the stock after the ex-dividend date will not be eligible for the announced dividend. Indian Oil is India's largest oil refining and fuel marketing company, classified as a Maharatna public sector enterprise. The PSU stock ended 1.9% lower at ₹168.25 on BSE. A dividend is a portion of a company's profits distributed to its shareholders as a reward for holding the company's shares. It can be paid annually, semi-annually, or as interim dividends during the financial year, as in the case of Indian Oil's latest announcement. The company has also issued a communication to its shareholders detailing the tax deduction at source (TDS) provisions applicable to its second interim dividend for FY26.#BSE #Indian_Oil_Corporation_Ltd #FY26 #March_6 #April_5_2026 #Thursday_March_12_2026 #Maharatna
