IOC (Indian Oil Corporation) : Strategy for Dividend Income:-
IOC (Indian Oil Corporation) : Strategy for Dividend Income:- IOC is a good PSU Stock. If we purchase IOC 1000 share @ 168,then we shall have to spend Rs.1,68000/- and we can earn Rs.7000/- (Final dividend declared on 30.04.2024) per year. And if we re-invest Rs.7000/- again then, we can more money. In this way, we can get good return from this stock. Dividend History:- Announcement Date Effective Date Dividend Type Dividend(%) Remarks 30/04/2024 12/07/2024 Final 70% Rs.7.0000 per share(70%)Final Dividend 31/10/2023 10/11/2023 Interim 50% Rs.5.0000 per share(50%)Interim Dividend 16/05/2023 28/07/2023 Final 30% Rs.3.0000 per share(30%)Final Dividend 17/05/2022 11/08/2022 Final 24% Rs.2...