The street is expecting a dividend of 190 percent similar to last year. ONGC has already paid a dividend of Rs 5 per share in financial year 2014 which translates to Rs 4,280 crore.
Shares of ONGC rose 4 percent intraday on Monday ahead of a board meeting to consider second interim dividend for financial year 2013-2014.
"A meeting of the board of directors of the company will be held on March 24, 2014, inter alia, to consider payment of second interim dividend for the financial year 2013-14. Record date for determining entitlement of shareholders for payment of second interim dividend for FY 14 has been fixed on March 29. Payment of interim dividend, if declared, shall start from March 31, 2014 onwards to the shareholders," it said in a statement to the bourses.
The street is expecting a dividend of 190 percent similar to last year. ONGC has already paid a dividend of Rs 5 per share in financial year 2014 which translates to Rs 4,280 crore.
At 13:36 hrs, the stock was quoting at Rs 320.00, up Rs 11.60, or 3.76 percent on the BSE.
Posted by Nasrin Sultana
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