te Government receives Rs 5,001 crore as dividend from ONGC | Zee Business

Government receives Rs 5,001 crore as dividend from ONGC

A dividend is the distribution of a company's earnings to its shareholders and is determined by the company's board of directors.

Government receives Rs 5,001 crore as dividend from ONGC
A dividend is the distribution of a company's earnings to its shareholders and is determined by the company's board of directors. Pic: Reuters

The Central government on Monday received a huge dividend tranche of Rs 5,001 crore from the Maharatna company ONGC.

This was informed by Secretary in the Department of Investment and Public Asset Management (DIPAM), Tuhin Kanta Pandey. On November 11, the government had received about Rs 690 crore from Bharat Petroleum Corporation Limited (BPCL) as dividend tranche.

A dividend is the distribution of a company's earnings to its shareholders and is determined by the company's board of directors.

TRENDING NOW

Dividends are often distributed quarterly and may be paid out as cash or in the form of reinvestment in additional stock. Common shareholders of dividend-paying companies are eligible to receive a distribution as long as they own the stock before the ex-dividend date.

Click Here For Latest Updates On Stock Market | Zee Business Live

Also read- Stocks to buy: Top 5 picks by ICICI Securities that can yield 47% returns

Written By: IANS
Updated: Mon, Nov 28, 2022
04:07 pm
New Delhi, IANS
RELATED NEWS
Macquarie considering $775 million possible offer for UK's Renewi Macquarie considering $775 million possible offer for UK's Renewi
Old Bridge Capital Management gets SEBI approval for Mutual Fund business Old Bridge Capital Management gets SEBI approval for Mutual Fund business
Paytm Card Soundbox: 5 things to know about card payment enabled device Paytm Card Soundbox: 5 things to know about card payment enabled device

By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

x