The state-owned company is issuing bonus shares for the fourth time, 2 for 1 shares free, record date tomorrow

The state-owned company is issuing bonus shares for the fourth time, 2 for 1 shares free, record date tomorrow

Oil India Ltd. There is good news for investors betting on companies that offer bonuses. The government company Oil India Limited has again announced to issue bonus shares. The company is going to trade in the stock market this week as an ex-bonus stock. Let us tell you that from Oil India Limited, eligible investors will get 1 share free for every 2 shares.

The record date is the day after tomorrow

The company has informed 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 is, on this day only the investors whose name will remain in the record book of Oil India Limited will get bonus shares.

The company this week on record date, 1 share at Rs. 130 as dividend

Oil India Limited gifted bonus shares to investors for the first time in 2012. Then the company gave 3 shares for 2 shares. At the same time, in 2017, this company gave one share for every 3 shares. In 2018, the company gave 1 share as bonus for every 2 shares. This time too the bonus shares will be distributed by the company in the same manner.

The company is also distributing dividends

The company continues to gift dividends to the investors at regular intervals. The company last traded as an ex-dividend stock on March 18, 2024. After that a dividend of Rs.8.5 was received from the company. Prior to that the company traded as an ex-dividend stock on November 22, 2023. A dividend of Rs 3.5 per share was then paid to eligible investors.

The performance of the company in the stock market is excellent

Shares of the company rose more than 2 percent to Rs 722 on Friday. In the last 6 months alone, the share price of this company has increased by more than 94 percent. Let us tell you that the investors who have been holding the shares of Oil India Limited for a year have made a profit of 197 percent so far.

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