11 Jul , 2022 By : Kanchan Joshi
Dividend paying stock: A stock investor not just earn from the rise in share price only. The listed companies have various other options, which they exercise to help its shareholders earn even when the stock has failed to outperform its peers. Indian Oil Corporation Limited (IOCL) shares are glaring example of it. This stock has delivered 1.7 per cent year-to-date (YTD) return to is shareholders. However, the company has announced dividend on three occasions during the financial year 2021-22. This helped Indian Oil shareholders earn whopping 15.70 per cent on their investment without booking any profit in their holdings. Most interestingly, they earned to the tune of 16 per cent when the stock has given mere 1.70 per cent return in last one year.
Indian Oil dividend 2022 details
In the financial year 2021-22, Indian Oil turned ex-dividend stock on three occasions — on 11th November 2021 for the dividend payment of Rs5 per equity share, on 9th February 2022 for the dividend payment of Rs4 per equity share and it is going to turn ex-dividend stock on 11th August 2022 for the final dividend payment of Rs2.40 per share for the financial year 2021-22. Hence, this PSU stock has given total dividend of Rs11.40 per equity share ( Rs5 Rs4 Rs2.40) in FY22 to tis shareholders.
Indian Oil annual dividend yield
Indian Oil share price today is Rs72.70 apiece on NSE. Hence, annual dividend yield of Indian Oil stands at 15.70 per cent [{( Rs5 Rs4 Rs2.40)/72.70} x 100].
Impact on shareholders
As annual dividend yield of Indian Oil shares in FY22 is 15.70 per cent. If a shareholder had a shareholding of Rs10 lakh at the beginning of FY22, then after getting this 15.70 dividend announced by the PSU company, he or she would have earned Rs1.57 lakh without booking any partial profit.
As per the exchange rules, a listed entity transfers dividend payout directly into the linked bank account of the shareholder keeping its shareholding unchanged.
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