ONGC Dividend 2024: PSU declares final dividend - Check amount and other details

ONGC Dividend 2024, ONGC Q4 Results 2024: Upstream company Oil and Natural Gas Corporation (ONGC) has declared its earnings for the fourth quarter that ended on March 31, 2024. According to an exchange filing, the PSU has posted an increase of around 78 per cent in consolidated net profit at Rs 11,526.53 crore. The company's net profit was Rs 6,478.23 crore in the same period last year.

ONGC Dividend 2024

ONGC, an Indian central public sector undertaking under the ownership of the Ministry of Petroleum and Natural Gas, has also announced dividends for its shareholders. The Delhi-headquartered company has announced  Rs 2.50 or 50 per cent dividend per equity for the FY24.

"The Board of Directors have recommended final dividend at the rate of ₹2.50/- per equity share of the face value of ₹5/- each i.e. @50% for the Financial Year 2023-24, subject to the approval of shareholders in the ensuing Annual General Meeting of the Company," the company said in an exchange filing.

ONGC Dividend 2024 Record Date or Payment Date

The company has not fixed the record date yet and said in the filing that investors will be informed about it for the payment of the final dividend separately. "The record date for the payment of final dividend will be intimated separately," the filing reads.

ONGC Dividend History

Earlier, the company declared an interim dividend of Rs 4 per equity share in February 2024. Here's the history of dividends announced by ONGC.

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ONGC Share Price

The shares of ONGC opened at Rs 283.85 on Tuesday and surged around 1.75 per cent in morning trade to hit the day's high of Rs 284. Last seen, the counter was trading at Rs 280.80. 

ONGC Share Price History

The stock has given a positive return of around 70 per cent in one year to its investors. So far this year, the counter has gained over 36 per cent.