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Indian Oil Corp. Shares Fall After Trading Ex-Dividend

Summary by NDTV Profit
Shares of Indian Oil Corp. declined on Friday after turning ex-dividend. The company will pay a dividend of Rs 7 per share for the previous financial year, and the record date has been fixed at July 12, according to an exchange filing. This is the highest-ever final dividend paid to shareholders by the company, according to Bloomberg data.Shareholders who buy the stock at least one day before the ex-date are eligible for dividends as settlement …
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