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Oil India Limited, a company involved in the oil business, has announced its quarterly results. Along with the second quarter results, the company has also announced dividends for investors.
Giving information in the exchange filing, the company said that for the financial year 2024-25, the company has decided to give 30 percent dividend. The company has decided to give a dividend of Rs 3 on a share with a face value of Rs 10.
The company has also informed the exchange that this dividend will reach the investors' account by 04 December 2024. The company has fixed November 15 as the record date for the dividend. Shareholders who have Oil India shares in their account till November 15 will be eligible to receive the dividend.
If we look at the dividend history of the company, dividend has been announced 37 times so far. Earlier, the company had announced a dividend of Rs 2.50 per share on 30 August 2024, Rs 8.50 on 18 March 2024, and Rs 3.50 per share on 22 November 2023.
The company has announced the issue of bonus shares on 02 July 2024 this year. The company had announced to give 2 bonus shares for 1 share.
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