HPCL, IOC record dates: Final dividend payouts due Friday

Two big fuel companies in India are giving money to people who own their shares.

This money is called a dividend.

The companies are Indian Oil Corporation and Hindustan Petroleum Corporation.

They have picked a special date, August 14, to check who owns their shares.

If you own shares on that date, you can get the money.

Indian Oil plans to give Rs 1.25 per share at the end, making a total of Rs 8.25 for the whole year.

Hindustan Petroleum plans to give Rs 19.50 per share at the end, making a total of Rs 24.25 for the year.

These payments still need to be approved by shareholders at company meetings.

Indian Oil's meeting is on August 31, and Hindustan Petroleum's meeting is on August 26.

If the payments are approved, people will receive the money within 30 days.