PSU dividend inventory: This firm publicizes interim dividend of Rs 7

PSU inventory to be in focus: Shares of state-owned Oil India Ltd (OIL) will likely be in focus when markets open on Monday as the corporate has introduced its quarterly outcomes for the quarter ending December 31, 2024 together with an interim dividend. The corporate has reported a 23 per cent drop in its third-quarter web revenue as the worth of crude oil produced and offered fell.

Oil India dividend: Quantity

The board of the PSU has really useful an interim dividend of Rs 7 per share for the monetary 12 months of 2024-25. With this, the whole interim dividend declared by the corporate until Q3, FY25 is Rs 10 per share.

Oil India dividend: Report date

The corporate has knowledgeable exchanges that it has fastened February 17, 2025 because the report date to determine the eligibility of shareholders for this company motion.

“Monday, seventeenth February,2025 because the Report date for ascertaining the eligibility of shareholders for fee of Second lnterim Dividend 2024-25,” the submitting reads.

Oil India dividend: Fee date

The corporate stated that the second interim dividend will likely be paid to eligible shareholders on or earlier than eighth March, 2025.

Oil India dividend: Dividend historical past

Earlier, the corporate had introduced an interim dividend of Rs 3 for which the ex-date was November 14, 2024. The state-owned firm had introduced a closing dividend of Rs 2.50 for which the ex-date was August 30, 2024. 

Oil India Internet Revenue

In line with the corporate, its web revenue was Rs 1,221.80 crore in October-December 2024 in comparison with Rs 1,584.28 crore a 12 months again. 

The corporate’s oil and gasoline manufacturing was nearly unchanged at 0.868 million tonnes and 0.829 billion cubic meters respectively in October-December 2024. For the primary 9 months of the present fiscal, web revenue rose 28 per cent to Rs 4,522.71 crore.

“For NINE months ending December 31, 2024, the corporate registered a cumulative hike of 4.10 per cent in its crude manufacturing which elevated to 2.614 million tonnes from 2.511 million tonnes produced within the corresponding interval of FY24,” the assertion stated.