IOCL Dividend Update: Second Interim Payout of Rs 2 Per Share for FY26 with March 12 Record Date

Indian Oil Corporation Limited (IOCL) declared a second interim dividend for FY26 after a Board meeting on March 6. The payout is 20%, which equals Rs. 2.00 per equity share. Each share has a face value of Rs. 10. IOCL said eligible investors should receive the dividend by April 5, 2026.

IOCL also set a key date for deciding who gets the payout. "It may also be noted that, pursuant to Regulation 42 of SEBI (LODR), the Board has fixed Thursday, 12th March 2026 as the "record date" for the purpose of ascertaining the eligibility of shareholders for payment of 2nd Interim Dividend," said IOCL in a statement.

IOC shares on NSE closed at Rs 168.10 on March 6, 2026. The stock fell 2.01% from the prior close. It opened at Rs 172.06 and hit Rs 172.94 intraday. Selling pressure pulled it down to Rs 168.05. About 2.09 crore shares traded during the session.

IOC’s market capitalisation stood above Rs 2.38 lakh crore, based on the close. The stock traded within a 52-week band of Rs 120.34 to Rs 188.96. Despite the dividend news, the session ended lower. Trading volumes suggested strong participation. The price action showed declines after early gains during the day.

IOCL has paid multiple interim and final dividends in recent years within single fiscal years. For FY 2025-2026, IOCL earlier announced an interim dividend of Rs 5 per share. That payout had a record date of December 18, 2025. The payment date was set for January 2026. Several other payouts were also reported.

Dividend per share	Month and year stated
Rs 5	December 2025
Rs 3	August 2025
Rs 7	July 2024
Rs 5	November 2023
Rs 3	July 2023

IOCL dividend yield and sector comparison

Trendlyne data showed Indian Oil announced 41 dividends since August 27, 2001. Over the last 12 months, Indian Oil declared an equity dividend of Rs 8.00 per share. At a share price of Rs 168, the dividend yield is 4.76%. GuruFocus reported the oil and gas sector median dividend yield at about 3.87%.

IOCL dividend and analyst trading view

"The stock is currently hovering around Rs.170 and has made a strong correction towards its important support area of Rs.168. Today, on March 6th, due to the second interim dividend announcement of Rs.2 per share, bullishness was expected, which faded soon after the announcement. For a quick trade, buying near Rs.168 is a good bet, with averaging at Rs.158 and a strict stop loss of Rs.153. Target around Rs.184," commented Market Wizard's Adib Noorani.

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