Indian Oil Company or IOC shares are one of many dividend shares that has been in uptrend after bottoming out in October 2022. Nevertheless, some steam continues to be left on this oil inventory as IOC share worth immediately opened upside and went on to hit intraday excessive of ₹90.95 apiece ranges on NSE, which tuned out to be its new 52-week excessive on NSE. As per the knowledge accessible on BSE, this dividend inventory has been climbing to new 52-week highs for the final 4 straight periods.
IOC dividend historical past
As per the knowledge accessible on BSE web site — bseindia.com, IOC shares are one of many dividend shares in Dalal Avenue. Within the yr 2022, this PSU inventory traded ex-dividend on two events and its dividend yield in 2022 was over 10 per cent. IOC share traded ex-dividend for the primary time in 2022 on ninth February 2022 for cost of ₹4 per share interim dividend to its eligible shareholders. In a while, it traded ex-dividend on eleventh August 2022 for cost of ₹2.40 per share interim dividend to its eligible shareholders. so, web dividend declared by IOC in 2022 is ₹6.40 per share.
Nevertheless, in between these two interim dividend bulletins, IOC declared 1:2 bonus shares which means if an investor had taken place on this PSU inventory originally of latest yr 2022, one’s shareholding within the firm would have surged 50 per cent after issuance of 1:2 bonus shares. Therefore, web dividend obtained by a long run investor would have been ₹7.60 ( ₹4 + ₹2.4 + ₹1.2), the place ₹1.20 per share extra dividend got here because of the bonus shares obtained by the shareholders after 1:2 bonus shares.
IOC dividend yield
Initially of latest yr 2022, IOC share worth was arund ₹74.50 apiece whereas web dividend declared by IOC was ₹7.60 per share. So, IOC dividend yield in 2022 stands at 10.20 per cent, which is far increased than the annual return given by Public Provident Fund (PPF), Staff Provident Fund (EPF) and financial institution fastened deposit FD) returns.
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Up to date: 30 Could 2023, 01:42 PM IST
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