Gas & Oil PSU Declares Rs 8.5/- Per Share Dividend On Mkt Holiday, YTD Return 67%

Large cap maharatna public sector undertaking Oil India Ltd on March 8, 2024 declared its second interim dividend of Rs. 8.50/- per share (85% of paid-up capital) for the financial year 2023-24. The dividend will be paid on or before April 7, 2024 and record date has already been fixed as March 18, 2024.

Last trading price of Oil India shares on BSE is Rs 630.20 apiece with intraday fall of 0.54%. Oil India shares offered multibagger returns of 124% in last 6-months only. The dividend yield of Oil India is 1.43%. Check details below:

Oil India Declares Second Interim Dividend On March 8: As per the regulatory filing of Oil India announced on Friday, "a) Second Interim Dividend of Rs. 8.50/- per share (85% of paid-up capital) for the financial year 2023-24. The Second Interim Dividend 2023-24 will be paid on or before 07th April, 2024. [The Record Date - 18th March, 2024 was intimated vide our letter of even no. dated 01st March, 2024]."
Oil India also approved appointment of M/s Amit Agrawal & Associates, Company Secretaries as the Secretarial Auditor of the Company for Financial Year 2023-24, 2024-25 & 2025-26.

Oil India Dividend History: Oil India announced 35 dividends since February 10, 2010. In the last 12 months, the PSU announced an equity dividend amounting to Rs 9.00 per share. At the current share price of ₹630.20, Oil India Ltd.'s dividend yield is 1.43%.

Oil India Shares Performance & Return: The 52-week high price of Oil India Ltd shares on BSE is Rs 647.40 apiece and 52-week low price is Rs 240.65 apiece, respectively. The company has a market capitalisation of Rs 68,339.22 crore. Oil India shares zoomed 15.28% in last 1-week span, gained 29% in last 1-month, and offered stunning return of 140% in last 1-year. In last 2-years, Oil India stock gained 152% and a huge 395% in last 3-years span. The scrip soared 256% in last 5-years.

Oil India Ltd Declares Change In Senior Management On Feb 28: As per the regulatory filing of Oil India Ltd dated February 28, 2024, "Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, it is hereby informed that the following Senior Management Personnel of the Company (One level below the Board of Directors) will be superannuating from the services of the Company on 29th February, 2024:
1 Shri Biswabrata Lahkar Executive Director (Business Development) 2 Shri Alakh Niranjan Pathak Executive Director (F&A)."

About: Oil India Limited (OIL) is a fully integrated Exploration & Production company in the upstream sector, with origin dating back to the glorious year (1889) of oil discovery in India. A Maharatna Company, OIL is a state-owned enterprise of the Government of India, under the administrative control of the Ministry of Petroleum and Natural Gas and is the second largest national oil and gas company in India. The story of OIL traces and symbolizes the growth and development of the Indian petroleum Industry. From the discovery of the crude oil in the far east of India at Digboi, Assam in 1889 to its present status as a fully integrated National Exploration and Production company with footprints across entire E&P value chain. The company is India's second largest National E&P Company, according to its official website.

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