PSU Dividend Stock Trades New 52-Week High For Four Consecutive Days

Large cap Maharatna stock operating in gas & petroleum sector, Indian Oil Corporation Ltd (IOC) shares have been trading new 52-week high for the last four straight sessions. Last trading price of IOC share is Rs 90.09 per share with intraday dip of 0.24%. IOC share gained 0.50% in last 1-week and 2.96% in last 2-weeks. Check details below:

Indian Oil Corporation Ltd Declares Dividend: According to the BSE filing of IOC, "It is further informed that the Board has recommended a final dividend of 30% for the year 2022-23 i.e. Rs. 3/- per equity share of face value of Rs.10/- each on the paid-up share capital, subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM) of the Company. The final dividend would be paid within 30 days from the date of declaration at the AGM. The record date for payment of final dividend would be fixed and intimated in due course."

Indian Oil Corporation Stock Performance & Return Over The Years: Last trading price of IOC stock is Rs 90.09 per share. Its 52-week high price is Rs 91.43 per share and 52-week low price is Rs 65.20 per share, respectively. It has a market capitalisation of Rs 1,27,218.24 crore. IOC shares jumped 18% in last 3-months, delivered return of 18% in last 6-months again, soared 16% in last 1-year, and offered 62% return in last 3-years.

IOC Q4: Earlier, Indian Oil Corporation Ltd on Tuesday declared 52% YoY jump in its consolidated net profit to Rs 10,841 crore for the quarter ended March 2023 as against Rs 7089 crore announced in the year ago period. It is worth noting that IOC's revenue from operations rallied 10% year-on-year (YoY) to Rs 2.30 lakh crore for the March quarter as against Rs 2.09 lakh crore declared in the corresponding quarter of last year. Meanwhile, the revenue from the other business activities surged 21% to Rs 8,798 crore for the quarter under consideration as against Rs 7,253 crore declared in the same quarter last year.

Indian Oil Corporation About: Indian Oil Corporation Limited is a Government of India undertaking formed in 1964 by the merger of Indian Oil Company Limited with Indian Refineries Limited. The Corporation has five divisions including the Refineries Division, according to its official website.