Oil India Limited explores for, develops, and produces crude oil and natural gas in India and internationally. The company operates through Crude Oil, Natural Gas, Liquefied Petroleum Gas (LPG), Pipeline Transportation, and Renewal Energy segments. It is also involved in the transportation of crude oil and natural gas; and production of LPG, as well as in the provision of exploration and production related services. The company owns and operates 1,157 kilometers of cross-country crude oil pipelines; and 13 drilling rigs and 14 work-over rigs, as well as owns 10 crude oil pumping stations and 17 repeater stations in Assam, West Bengal, and Bihar states. It also generates energy through wind and solar power projects. In addition, the company has participating interests in NELP exploration blocks in Mahanadi Offshore, Mumbai Deepwater, Krishna Godavari Deepwater, etc., as well as in various projects in Libya, Gabon, the United States, Nigeria, Sudan, Yemen, Venezuela, Mozambique, Myanmar, Bangladesh, and Russia. Oil India Limited was founded in 1889 and is based in Noida, India.
Oil India Dividend Announcement
• Oil India announced a quarterly dividend of ₹3.00 per ordinary share which will be made payable on 2024-12-04. Ex dividend date: 2024-11-14
• Oil India annual dividend for 2024 was ₹14.00
• Oil India annual dividend for 2023 was ₹19.00
• Oil India's trailing twelve-month (TTM) dividend yield is 2.98%
• Oil India's dividend growth over the last five years (2018-2023) was 4.84% year
• Oil India's dividend growth over the last ten years (2013-2023) was -4.46% year
Oil India Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-14 | ₹3.00 | quarterly | 2024-12-04 |
2024-08-30 | ₹2.50 | quarterly | 2024-10-14 |
2024-03-18 | ₹8.50 | quarterly | |
2023-11-22 | ₹3.50 | quarterly | 2023-12-08 |
2023-08-25 | ₹5.50 | quarterly | 2023-10-09 |
2023-02-22 | ₹10.00 | quarterly | 2023-03-12 |
2022-11-21 | ₹4.50 | quarterly | 2022-12-10 |
2022-09-15 | ₹5.00 | quarterly | 2022-10-23 |
2022-02-22 | ₹5.75 | quarterly | 2022-03-13 |
2021-11-23 | ₹3.50 | quarterly | 2021-12-10 |
2021-09-16 | ₹1.50 | quarterly | 2021-10-25 |
2021-02-23 | ₹3.50 | quarterly | 2021-03-12 |
2020-09-21 | ₹1.60 | quarterly | 2020-10-28 |
2020-02-20 | ₹9.00 | quarterly | 2020-03-10 |
2019-08-08 | ₹1.75 | quarterly | 2019-09-16 |
2019-02-21 | ₹8.50 | quarterly | 2019-03-13 |
2018-09-12 | ₹1.00 | quarterly | 2018-10-21 |
2018-02-21 | ₹14.00 | quarterly | 2018-03-10 |
2017-09-14 | ₹4.75 | quarterly | 2017-10-23 |
2017-02-13 | ₹9.50 | quarterly | 2017-03-02 |
2016-09-15 | ₹8.00 | quarterly | 2016-10-24 |
2016-01-19 | ₹8.00 | quarterly | 2016-02-10 |
2015-09-16 | ₹10.00 | quarterly | 2015-10-24 |
2015-03-24 | ₹10.00 | quarterly | 2015-04-17 |
2014-09-18 | ₹0.50 | quarterly | 2014-10-25 |
2014-03-26 | ₹10.00 | quarterly | 2014-04-19 |
2014-02-03 | ₹11.00 | quarterly | 2014-02-25 |
2013-09-12 | ₹7.00 | quarterly | 2013-10-15 |
2013-03-21 | ₹12.00 | quarterly | 2013-04-10 |
2013-01-23 | ₹11.00 | quarterly | 2013-02-15 |
Oil India Dividend per year
Oil India Dividend growth
Oil India Dividend Yield
Oil India current trailing twelve-month (TTM) dividend yield is 2.98%. Interested in purchasing Oil India stock? Use our calculator to estimate your expected dividend yield:
Oil India Financial Ratios
Oil India Dividend FAQ
Other factors to consider when evaluating Oil India as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Oil India's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Oil India publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Oil India distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Oil India are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Oil India sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Oil India distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Oil India declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Oil India's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Oil India's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.