Indian Oil approaches ex-dividend date with payout backed by earnings and cash flow

Indian Oil’s upcoming dividend offers a yield above six percent, supported by moderate payout ratios and healthy cash flow coverage, suggesting near-term dividend stability for income-focused investors.

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Indian Oil approaches ex-dividend date with payout backed by earnings and cash flow

Indian Oil approaches ex-dividend date with payout backed by earnings and cash flow
Indian Oil Corporation is set to trade ex-dividend shortly, with shareholders eligible for a ₹5.00 per share payout if they buy before December 18, ahead of the January 11 payment. At current prices, the stock offers a trailing dividend yield of about 6.1 percent. Importantly, the dividend appears supported by fundamentals, with payouts accounting for roughly 30 percent of earnings and just 12 percent of free cash flow, indicating reasonable sustainability barring a sharp earnings decline.