Huge dividend payout: This stock yielded 15.7% in FY22

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Stocks that pay dividends: An investor in stocks might profit from increases in share value as well. The listed companies have a variety of additional alternatives that they can use to benefit their shareholders even when the stock underperforms its peers.

The shares of Indian Oil Corporation Limited (IOCL) are a clear illustration of it. This stock has given its stockholders a year-to-date (YTD) return of 1.7%. Nevertheless, the corporation declared a dividend three times in the fiscal year 2021–2022.

As a result, stockholders in Indian Oil were able to gain a stunning 15.70% on their investment without recording a profit in their holdings. The most fascinating part is that they made 16% even though the stock only returned 1.70% during the previous year.

Indian Oil 2022 dividend information Indian Oil turned ex-dividend stock three times during the fiscal year 2021–2022: on 11 November 2021 for the dividend payment of $5 per equity share, on 9 February 2022 for the dividend payment of $4 per equity share.

and on 11 August 2022 for the final dividend payment of $2.40 per share for the fiscal year 2021–2022 (as of this writing). As a result, this PSU stock paid its stockholders a total dividend of 11.40 per equity share in FY22 (5 + 4 + 2.40).

The current NSE share price for Indian Oil is 72.70. Therefore, Indian Oil’s yearly dividend yield is 15.70% [(5 + 4 + 2.40)/72.70 x 100]. Result for shareholders

Indian Oil shares’ annual dividend yield for FY22 is 15.70%. After receiving the 15.70 dividend offered by the PSU company, a shareholder with a shareholding of 10 lakh rupees at the start of FY22 would have earned 1.57 lakh without recording any partial profit.

Premium Mint Share that pays dividends: An investor in stocks benefits from growth in share price as well. The publicly traded corporations have a number of alternative options, which they execute to benefit their shareholders even when the stock underperforms its rivals.

Shares of Indian Oil Corporation Limited (IOCL) are a prime illustration of this. This stock has given its stockholders a year-to-date (YTD) return of 1.7 percent. However, during the fiscal year 2021–2022, the corporation declared a dividend on three separate times.

As a result, stockholders in Indian Oil were able to profit by up to 15.70% without recording a gain on their holdings. The most intriguing fact is that they made up to 16 percent when the stock only returned 1.70 percent during the previous year.

In accordance with exchange regulations, a listed firm transfers dividend payments directly into the shareholder’s associated bank account, maintaining the shareholder’s shareholding in tact.

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