Oil India Ltd: There is good news for investors betting on companies giving bonuses. Government company Oil India Limited has again announced to give bonus shares. The company is going to trade in the stock market as ex-bonus stock this week. Let us tell you, from Oil India Limited, eligible investors will get 1 share free for every 2 shares.
Record date is the day after tomorrow
The company has told the stock exchanges that for every 2 shares, 1 share will be given as bonus. For this bonus issue, Oil India Limited has declared 2 July 2024 i.e. Tuesday as the record date. That means, only those investors whose name will be in the record book of Oil India Limited on this day will get bonus shares.
Company is giving dividend of Rs 130 on 1 share, record date this week
Oil India Limited gave the gift of bonus shares to investors for the first time in 2012. The company then gave 3 shares for 2 shares. At the same time, in 2017, this company had given one share for every 3 shares. In 2018, the company gave 1 share as bonus for every 2 shares. This time too, bonus shares will be distributed by the company in the same manner.
The company has also been distributing dividends
The company keeps giving the gift of dividend to investors at regular intervals. The company last traded as an ex-dividend stock on March 18, 2024. Then a dividend of Rs 8.5 was received from the company. Before that the company had traded as an ex-dividend stock on November 22, 2023. Then eligible investors were given a dividend of Rs 3.5 per share.
Company’s performance in stock market is excellent
On Friday, the company’s shares had reached the level of Rs 722 with a rise of more than 2 percent. In the last 6 months alone, the price of shares of this company has increased by more than 94 percent. Let us tell you, investors who have been holding the shares of Oil India Limited for one year have got a profit of 197 percent so far.
