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IOC Approves ₹5 Interim Dividend for FY26; Stock Jumps 2% - discountwalas
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IOC Approves ₹5 Interim Dividend for FY26; Stock Jumps 2% - discountwalas
The Indian Oil Corporation (IOC) board approved an interim dividend of ₹5 per share. And then the company’s shares gained nearly 2% in intra-day trade. That happened on Friday, December 12. The stock climbed to an intra-day high of ₹164.90 following the regulatory filing. This is a solid payoff for shareholders, or nothing. The board officially declared an interim dividend of 50%, which works out to ₹5.00 per equity share for the financial year …
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