IOCL Declares 2nd Interim Dividend For FY26; Check Record Date, Target Price & Other Details

The second interim dividend for FY26 has been announced by Indian Oil Corporation Limited (IOCL), the largest state-owned integrated energy company in the Maharatna category. At its meeting on March 6, the Board of Directors announced a second interim dividend of 20%, or Rs. 2.00 for each equity share with a face value of Rs. 10, for the fiscal year 2025-2026. The eligible shareholders will receive the second interim dividend by April 5, 2026, at the latest.

"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.

The company has declared several interim and final dividends within a fiscal year in recent years. For instance, the corporation declared an interim dividend of Rs 5 per share for FY 2025-2026, with a record date of December 18, 2025, and a payment date of January 2026. Recent dividend payments include Rs 5 per share in December 2025, Rs 3 per share in August 2025, Rs 7 per share in July 2024, Rs 5 per share in November 2023, and Rs 3 per share in July 2023.

Since August 27, 2001, Indian Oil has announced 41 dividends, according to Trendlyne statistics. Indian Oil has announced an equity dividend of Rs 8.00 per share for the last 12 months. Indian Oil's dividend yield is 4.76% at the current share price of Rs 168. According to GuruFocus, IOCL offers quite a higher yield than many of its competitors, with the median dividend yield for the oil and gas sector being about 3.87%.

The share price of Indian Oil Corporation Ltd (IOC) on the NSE (NSE India) is Rs 168.10 as of the market close on March 6, 2026, a drop of 2.01% from the previous level. After opening at Rs 172.06 and rising to an intraday high of Rs 172.94, the stock fell to a low of Rs 168.05 due to selling pressure. Over 2.09 crore shares were traded, indicating strong trading activity. With a market capitalization of over Rs 2.38 lakh crore, IOC continues to have a significant market presence from a fundamental standpoint. Right now, the stock is trading between Rs 120.34 and Rs 188.96, which is a 52-week range.

IOCL Target Price

"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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