Rs 3 Dividend Incoming By Maharatna PSU Stock: IOCL Fixes Record Date; What Should Traders Do?

The largest public oil and gas corporation in India, Indian Oil Corporation Limited (IOCL), is engaged in the marketing, pipeline transportation, and refining of petroleum products. Being a "Maharatna" corporation, it is among the most valued publicly traded companies in India. Following the Board's announcement of the record date for the company's upcoming final dividend of Rs 3 for FY25, Indian Oil Corporation's shares closed Thursday's trading session 2.92% higher on the BSE at Rs 146.20 per share, with a market capitalization of Rs 2,06,452.51 Cr.

IOCL Dividend

Subject to shareholder approval at the company's upcoming Annual General Meeting (AGM), the Board has recommended a final dividend of 30% for the year 2024-2025, or Rs. 3.00 per equity share of face value Rs. 10/-each on the paid-up share capital.

IOCL Dividend Record Date

"This is further to our communication dated. 30th April 2025, wherein it was informed that the Board of IndianOil in its meeting held on 30th April 2025 had recommended a dividend for financial year 2024-25, subject to the approval of the members of the Company in the forthcoming Annual General Meeting of the Company. Pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 "SEBI(LODR)", it is hereby informed that the Board at its meeting held on 26 June 2025 has fixed Friday, 08th August 2025 as Record Date to determine eligibility of shareholders to receive the dividend of Rs. 3.00 per equity share of the Company for the financial year 2024-25," said IOCL in a regulatory filing on Thursday, 26th June.

IOCL Dividend History & Yield

Over the last 20 years, Indian Oil Corporation (IOCL) has consistently paid dividends; since 2003, 37 dividends have been announced. Notable recent dividends include Rs 5.00/share interim in November 2023, Rs 3.00/share final in July 2023, and Rs 7.00/share final on July 12, 2024, according to Trendlyne.

As compared to the Oil & Gas refining and marketing sector average of about 4.6%, IOCL's trailing dividend yield is in the mid-4 percent range, usually recorded between 4.8% and 4.98% as of June 2025. This puts IOCL in the top half of peer performance, according to Gurufocus.

Its yield is higher than the industry average (~1.8%) and outperforms the bottom quartile (0.3%), according to Simply Wall St, suggesting that dividends are providing better-than-average returns to shareholders.

IOCL Share Price Target

Hardik Matalia - Derivative Analyst at Choice Broking said, "IOC is currently trading around ₹146.28 and has witnessed a bounce from lower levels, followed by a phase of consolidation-indicating a healthy pause after the recent upmove. On the daily chart, the stock is forming an Inverted Head & Shoulder pattern, which is typically a bullish reversal formation. A sustainable breakout above the neckline of this pattern, near the ₹150 level, could signal the beginning of a fresh upward rally."

"The Relative Strength Index (RSI) is currently placed at 60.66 and is trending upward, supporting the bullish momentum. Additionally, IOC is comfortably trading above all its key moving averages, reflecting inherent strength in the ongoing trend and reinforcing the possibility of continued upside. From a short-term trading perspective, a confirmed breakout above ₹150 could open the path for an immediate target of ₹165-170, with support placed around ₹145," the analyst added.

"Traders should ideally wait for volume-backed strength before entering fresh positions to avoid premature entries. Long-term investors may consider accumulating the stock at current levels and can look to add more on dips. On the downside, the ₹135 level remains a crucial support zone, and as long as the stock holds above this, the broader structure continues to remain positive and bullish," Hardik Matalia further added.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.