Oil and Natural Gas Corporation (ONGC) has dipped nearly 2% to Rs 319 in otherwise firm market as the stock is quoting ex-dividend.
On March 24, the board of directors of the state-owned oil and gas major have approved second interim dividend of Rs 4.25 per equity share, i.e. 85% on the equity shares of Rs 5 each for the financial year 2013-14.
The company has fixed the record date as March 29 for determining entitlement of shareholders for payment of this interim dividend. The payment of dividend will start from March 31 onwards to the shareholders, ONGC said in its filing.
The total payout on account of this second interim dividend would be Rs 3,636 crore, in addition to payment of first interim dividend of Rs 4,2785 crore (Rs 5 per share), it added.
The stock opened at Rs 321 and touched a low of Rs 318 on the NSE. A combined 2.91 million shares changed hands on the counter so far on the NSE and BSE.
On March 24, the board of directors of the state-owned oil and gas major have approved second interim dividend of Rs 4.25 per equity share, i.e. 85% on the equity shares of Rs 5 each for the financial year 2013-14.
The company has fixed the record date as March 29 for determining entitlement of shareholders for payment of this interim dividend. The payment of dividend will start from March 31 onwards to the shareholders, ONGC said in its filing.
The total payout on account of this second interim dividend would be Rs 3,636 crore, in addition to payment of first interim dividend of Rs 4,2785 crore (Rs 5 per share), it added.
The stock opened at Rs 321 and touched a low of Rs 318 on the NSE. A combined 2.91 million shares changed hands on the counter so far on the NSE and BSE.
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