Centre receives ₹5,001 crore as dividend from ONGC
Nov 28, 2022, 15:46 IST
The Central government on Monday received a huge dividend tranche of ₹5,001 crore from the Maharatna company ONGC.
This was informed by the Secretary of the Department of Investment and Public Asset Management (DIPAM), Tuhin Kanta Pandey.
On November 11, the government received about Rs 690 crore from Bharat Petroleum Corporation Limited (BPCL) as a 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.
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.
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This was informed by the Secretary of the Department of Investment and Public Asset Management (DIPAM), Tuhin Kanta Pandey.
On November 11, the government received about Rs 690 crore from Bharat Petroleum Corporation Limited (BPCL) as a 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.
Dividends are often distributed quarterly and may be paid out as cash or in the form of reinvestment in additional stock.
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SEE ALSO:
Sensex, Nifty50 hit fresh all-time highs – Bharat Petroleum, Reliance Industries surge
Ten major trade unions boycott pre-budget meeting with FM