Oil India Limited Share Price: PSU stock Oil India Limited is trading as ex-bonus stock in stock markets today. Shares of the company increased on the X bonus date. The stock managed to hit a 52-week high on the BSE with a gain of over 7 percent. Let’s know how much bonus shares the company is giving to eligible investors?
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Record date today
The company has stated in the information provided to the stock markets that for every 2 shares, 1 share will be given as bonus to eligible investors. The record date for this bonus issue was fixed today. That is, only those investors whose names will remain in the record book of the company will get the benefit of bonus shares. Let us tell you that to get the benefit of bonus shares one has to buy shares one day before the record date.
This government company is going to pay dividend before the record date of 15th July
The price has crossed 500 rupees
Shares of the company opened at Rs 481.60 on the BSE on Tuesday. But within a short time, with a jump of over 7 percent, the company’s share price on the BSE was Rs. 510.95 touched an intra-day high. This is also the company’s 52-week high. Let us tell you that the company’s 52-week low in BSE is Rs 162.48.
Oil India Limited issued bonus shares for the first time in 2012. Then the company gave a bonus of 3 shares on 2 shares. The second time the company traded as an ex-bonus stock was in 2017. Then eligible investors got one share for every three shares. At the same time, in 2018, the company gave one share as bonus for every two shares.
The company is also paying dividends
The company is also distributing dividends to the investors at regular intervals. The last time Oil India Limited did an ex-dividend trade was in March this year. Then the investors get Rs. 8.50 as dividend received. However, since then the company has not declared any dividend.