ONGC Dividend 2024: Date and Time, Share Price and Target

News: The Oil and Natural Gas Corporation (ONGC), a big petroleum company owned by the government, has some news about giving money back to its shareholders for the year 2023-24. Let’s check out what’s happening with ONGC’s dividend and what it means for people who own its shares.

Getting Money Back

ONGC’s board has decided to give some money back to its shareholders. For every share you own in ONGC, you’ll get Rs 4 as a dividend. This is good news because it means they’re giving back a big part of their profits, about 80% of what they made this year. This is actually the second time they’re giving money back this year.

Important Dates

If you’re an ONGC shareholder and you want to get this dividend, there are a couple of dates you need to know:

• Record Date: February 17, 2024 – On this day, ONGC will make a list of all the people who own shares in the company. If you’re on that list, you’ll get the dividend.
• Payment Date: After the record date – This is when ONGC will actually give you the money.

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ONGC’s Share Price and What Experts Say

• Share Price: ONGC’s stock has been doing pretty well lately. In the last few months, it went up by 10.43%. Over the past year, it went up by 17.74%, and even more over the last few years. This means if you invested in ONGC, your money probably grew.
• Target Price: People who study these things say ONGC’s stock is a good buy. They think it’s worth Rs 235 per share. Some other experts even say it could go up to Rs 250.

ONGC’s decision to give back money to its shareholders is a good sign. It shows they care about the people who own their stock. If you own ONGC shares, it’s important to pay attention to these updates so you can make smart decisions about your investments.

FAQs

Question: Are all shareholders going to get the dividend?

Answer: Shareholders who meet the requirements will get the dividend. Check the record date to see if you qualify.

Question: When are the dividends going to be given out?

Answer: You can expect to receive the dividends by March 10th at the latest.

Question: How frequently does ONGC give out dividends?

Answer: ONGC regularly gives out interim and final dividends to its shareholders.