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Govt ONGC has announced dividend for investors. The company has decided to pay 115 percent dividend per share. From an investor’s point of view, the last one year has been excellent in terms of returns. The company’s share price was below Rs 200 on Friday. Let’s know about this government vibration in details –
The company is going to issue a record 17 bonus shares this week
What day is the record date?
In the information provided to the stock markets, the company has said that a dividend of Rs 5.75 will be given to investors on shares with a face value of Rs 5. That means qualified investors will get 115 percent profit on each share. Let us tell you that ONGC has declared 21 November 2023 as the record date for dividend. That means the day after tomorrow is the ex-dividend date.
Earlier, the company in September and February respectively Rs. 0.50 and Rs. Dividend of 4 was given. Let us tell you that last year also the company had fixed the record date for dividend on November 21, 2023. At that time, the company gave a dividend of Rs 6.75 per share.
This Tata company changed the management, the stocks were looted
ONGC’s performance in the stock market has been stellar
Shares of the state-owned company settled at Rs 196.25 on the BSE after falling more than 2 percent on Friday. The company’s share price has seen an increase of more than 45 percent in the last one year. At the same time, investors who bought and held this stock 6 months ago have seen a profit of over 18 percent so far.