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Center receives ₹5,001 crore as dividend from ONGC

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The national government received a huge one on Monday dividend tranche of ₹5,001 crore from Maharatna company ONGC.



This was communicated by the Secretary of the Investment and Public Asset Management Department (DIPAM), Tuhin Kanta Pandey.

On 11 November, the government received about Rs 690 crore from it Bharat Petroleum Corporation Limited (BPCL) as dividend tranche.

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

Dividends are often paid quarterly and can be paid in cash or in the form of reinvestment in additional shares.

Ordinary shareholders of dividend-paying companies are eligible to receive a distribution as long as they own the shares before the ex-dividend date.

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