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The record date for the dividend payout by Indian Oil Corporation Ltd (IOC) in 2024 has not been officially announced as of February 19, 2024, despite the financial quarter three (Q3) meeting occurred on 24″ January 2024.
Updated Feb 19, 2024
The record date for the dividend payout by Indian Oil Corporation Ltd (IOC) in 2024 has not been officially announced as of February 19, 2024, despite the financial quarter three (Q3) meeting occurred on 24 January 2024.
IOC Dividend 2024 Date
Indian Oil Corporation Limited (IOC) has not officially announced the record date for the dividend payout in 2024 as of February 19, 2024. However, it is noteworthy that the financial quarter three (Q3) meeting occurred on 24″ January 2024. During this meeting, held on the same date, the Board of Directors presumably deliberated on the company’s financial performance, including the possibility of declaring dividends among other agenda items. Shareholders may expect further updates once the company releases an official statement on its dividend distribution.
IOC Dividend History
Indian Oil Corporation Limited (IOC) has a rich history of dividend payouts, reflecting its commitment to rewarding shareholders for their investment in the company. As one of the largest state-owned oil and gas companies in India, IOC has consistently demonstrated financial stability and profitability, contributing to its ability to distribute dividends over the years. Investors in IOC have come to expect a history of reliable dividend payments, showcasing the company’s dedication to delivering value and returns to its shareholders.
Indian Oil Corporation Ltd (IOC) share price, currently at ₹189.00, reflects the market’s valuation of the company on the National Stock Exchange (NSE). Investors consider various factors such as the 3.44% dividend yield and 5.54 P/E ratio while monitoring IOC’s stock performance.
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IOC Dividend 2024 Date-FAQs
1. When is the IOC Dividend 2024 record date announced?
As of February 19, 2024, IOC has not officially disclosed the record date for the 2024 dividend, but shareholders can anticipate updates after the Q3 meeting held on January 24, 2024.
2. What factors may influence the announcement of IOC’s dividend for 2024?
The decision on the dividend for 2024 is likely to be influenced by the outcomes of the Q3 meeting, where the Board of Directors evaluated the company’s financial performance.
3. How often does IOC typically declare dividends?
IOC has a history of regular dividend declarations, as seen in its dividend history. The company has consistently rewarded shareholders with dividends in the past.
4. What is the significance of the Q3 meeting about dividend announcements?
The Q3 meeting held on January 24, 2024, is a crucial event where the Board of Directors discusses various financial matters, including the potential declaration of dividends, providing insight into the company’s financial health.
5. Where can shareholders find the latest information on IOC’s dividend for 2024?
Shareholders can stay updated on IOC’s dividend announcements by checking official statements and releases from the company, usually made through regulatory filings and the official website.
