OIL India Bonus Shares and Dividend

 

·        OIL India Latest Update

Oil India Is Likely to consider bonus issue in upcoming board meeting on 20 May 2024. In this meeting, company is set to announce its financial results for Q4 FY 2023-24. They are considering final Dividend for FY 2023-24.

Notification Details regarding the Bonus issue in upcoming board meeting is already shared by Oil India with BSE.

Oil India has already announced dividend of Rs.12 per share in this financial year.

If this Bonus will be declared by company than this will be first time since 2018 that company is set to announce the bonus shares. In 2018 company declared bonus shares in ration of 1:2 i.e. shareholders got 1 bonus share against each equity share held by shareholders.

Previously following bonuses are issues by company:-

1.     Feb 9, 2018- Ratio 1:2

2.     Nov 28, 2016- Ratio 1:3

3.     Feb 11, 2012- Ratio 3:2

4.     Aug 8, 1994- Ratio 2:1

Company share bounced to 5% on Thursday i.e. 16.05.2024 in early trades following bonus issue news.