IOC declares Rs 4.25 per share interim dividend

New Delhi: Indian Oil Corp (IOC) on Friday declared an interim dividend of Rs 4.25 per share. “The Board of Directors of the company at its meeting held today (Friday) has declared an interim dividend of 42.50 per cent i.e. Rs 4.25 per equity share of face value of Rs 10 each for the financial year 2019-2020,” the company said. The government, which holds 51.50% stake in IOC, will get over Rs 2,060 crore plus taxes. “The dividend will be credited to the account of the shareholders or the dividend warrant in respect thereof will be dispatched on or before March 31, 2020,” it added. The company’s board fixed March 25 as the ‘record date’ for the purpose of ascertaining the eligibility of shareholders for payment of interim dividend. PTi