Oil and Natural Gas Corporation (ONGC) is trading higher by nearly 2% at Rs 313 ahead of board meeting today to consider interim dividend for the financial year 2013-14.
The state-owned oil exploration company has fixed March 29, 2014 as the "Record Date" for determining entitlement of shareholders for payment of second interim dividend for the financial year 2013-14, ONGC said in a statement.
Payment of interim dividend, if declared, shall start from March 31, 2014 onwards to the shareholders, it added.
In December 2013, the company had paid first interim dividend of Rs 5 per share of Rs 5 each for the current fiscal.
The state-owned oil exploration company has fixed March 29, 2014 as the "Record Date" for determining entitlement of shareholders for payment of second interim dividend for the financial year 2013-14, ONGC said in a statement.
Payment of interim dividend, if declared, shall start from March 31, 2014 onwards to the shareholders, it added.
In December 2013, the company had paid first interim dividend of Rs 5 per share of Rs 5 each for the current fiscal.
Last year, the company had paid second interim dividend of Rs 4 per share for the previous fiscal 2012-13.
The stock opened at Rs 310 and touched a high of Rs 314 on the NSE. A combined 1.7 million shares changed hands on the counter so far on the NSE and BSE.
