IOC Dividends in 2024 (23ruppes Dividend on Ioc Share Hurry to buy for long term-it will goes 600+ in next few months)
Information about IOCL:
it is one of India’s largest oil refining and marketing companies with significant domestic and international presence. IOC’s core operations, which include exploration, marketing and distribution of petroleum products such as gasoline, diesel and petrochemicals. the market position of IOC as a major player in the Indian energy sector, emphasizing its contribution in meeting the country’s energy needs and accelerating economic growth. the importance of the IOC in the wider energy sector, focusing on its role in ensuring energy security, supporting infrastructure development and promoting innovation in renewable energy and sustainability initiatives. the economic importance of IOC as a major contributor to India’s GDP and a provider of employment opportunities in various sectors.IOC Dividends in 2024
| Attribute | Details |
|---|---|
| Type of Company | Central Public Sector Undertaking |
| Code | BSE: 530965, NSE: IOC |
| ISIN | INE242A01010 |
| Type of Industry | Energy: Oil and gas |
| Starters | Indian Refineries Ltd. (1958), Indian Oil Corporation (1959) |
| Founded on | 30 June 1959; 64 years ago |
| Headquarters | New Delhi, India (headquarters), Mumbai, Maharashtra, India (registered office) |
| Service Area | India, Sri Lanka, Middle East, Mauritius, & Worldwide |
| Chairman | Shrikant Madhav Vaidya |
| Types Of Products | LNG, Lubricants, Natural gas, Petrochemicals, Petroleum |
| Revenue | Increase ₹885,078 crore (US$110 billion) (2024) as per annual Report |
| Operating income | Increase ₹57,288 crore (US$7.2 billion) (2024) as per annual Report |
| Website | www.iocl.com IOC Dividends in 2024 |
| Subsidiaries | Indane (LPG), Chennai Petroleum Corporation Limited, Petronet LNG |
| Number of employees | 31000+ (2024 till date) |
| Owner | Ministry of Petroleum, Government of India |
IOCL Dividend History till 2024
| Ex-Dividend Date | Dividend | EPS Payout Ratio | Type | Payment Date | Yield |
|---|---|---|---|---|---|
| Nov 10, 2023 | 5 | 52% | Interim Payment | Nov 30, 2023 | 7.77% |
| Jul 28, 2023 | 3 | 29% | Annual | Sep 24, 2023 | 3.04% |
| Aug 11, 2022 | 2.4 | -1200% | Final Payment | Sep 24, 2022 | 11.59% |
| Feb 09, 2022 | 4 | 60% | Interim Payment | Mar 02, 2022 | 11.12% |
| Nov 11, 2021 | 5 | 74% | Interim Payment | Nov 29, 2021 | 12.19% |
| Aug 05, 2021 | 1.5 | 23% | Final Payment | Sep 26, 2021 | 11.40% |
| Mar 23, 2021 | 3 | 57% | Interim Payment | Apr 15, 2021 | 10.59% |
| Feb 09, 2021 | 7.5 | 144% | Interim Payment | Feb 28, 2021 | 11.29% |
| Mar 23, 2020 | 4.25 | 170% | Interim Payment | Mar 31, 2020 | 5.79% |
| Aug 21, 2019 | 1 | 26% | Final Payment | Sep 27, 2019 | 7.45% |
| Mar 27, 2019 | 1.5 | 192% | Interim Payment | Apr 10, 2019 | 6.33% |
| Dec 21, 2018 | 6.75 | 199% | Interim Payment | Dec 31, 2018 | 12.34% |
| Aug 20, 2018 | 2 | 28% | Final Payment | Sep 28, 2018 | 7.21% |
| Feb 08, 2018 | 19 | 234% | Interim Payment | Feb 28, 2018 | 6.05% |
Dividends
IOC Dividends in 2024 are defined as the distribution of a company’s earnings to its shareholders, usually in the form of cash payments or additional shares of stock. dividends are a way for companies to share their profits with shareholders. They represent the return on investment for shareholders and are often seen as a measure of a company’s financial health and stability.
Investor Benefits: Highlight why dividends matter to investors by emphasizing several key benefits: Income generation, growth potential, stability, and tax advantages
Income generation: Dividends provide investors with a regular income stream, making them particularly attractive to income-oriented investors, such as retirees seeking passive income.
Total Return: Along with capital appreciation, dividends contribute to the total return on investment. Reinvestment of dividends can increase returns over time, potentially increasing overall investment returns.
Indication of financial health: Consistent dividend payments indicate that the company is profitable and has confidence in its future prospects. They can also signal a company’s commitment to shareholder value and disciplined capital allocation.
Importance in Investment Strategy: Dividend stress plays an important role in the strategies of many investors, whether they prefer income, total return, or a combination of the two. Dividend-paying stocks are often considered more stable and resilient during market downturns, providing some degree of downside protection.
Comparative Analysis:
the importance of benchmarking an IOC’s dividend performance against its industry peers to assess its relative strength and competitiveness in terms of dividend payout.
Competitors of IOC dividends in 2024:
- Reliance Industries Ltd Headquarters.
- Oil and Natural Gas Corp Ltd Headquarters.
- Bharat Petroleum Corp Ltd Headquarters.
- Hindustan Petroleum Corp Ltd Headquarters.
Considerations on Industry Trends: still uptrend
Share Holding Pattern Quaterly
| Sr.No. | Type | Mar’24 | Dec’23 | Sep’23 | Jun’23 | Mar’23 | Dec’22 | Sep’22 | Jun’22 | Mar’22 | Dec’21 | Sep’21 | Jun’21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Promoter (%) | 51.5 | 51.5 | 51.5 | 51.5 | 51.5 | 51.5 | 51.5 | 51.5 | 51.5 | 51.5 | 51.5 | 51.5 |
| 2 | FII (%) | 8.5 | 8.8 | 7.8 | 7.6 | 6.9 | 7.0 | 7.2 | 8.2 | 8.4 | 7.9 | 7.2 | 6.7 |
| 3 | DII (%) | 29.8 | 29.5 | 30.3 | 31.2 | 31.5 | 31.1 | 30.8 | 11.6 | 11.4 | 12.6 | 4.7 | 12.5 |
| 4 | Public (%) | 10.2 | 10.1 | 10.4 | 9.8 | 10.1 | 10.3 | 10.4 | 28.7 | 28.7 | 27.9 | 36.6 | 29.3 |
| 5 | Others (%) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |