Oil and Natural Gas Corporation Limited

NSEI:ONGC Stock Report

Mkt Cap: ₹1.8t

Oil and Natural Gas Dividend

Dividend criteria checks 5/6

Oil and Natural Gas Corporation Limited is a dividend paying company with a current yield of 6.9% that is well covered by earnings.

Key information

6.9%

Dividend yield

35%

Payout ratio

Industry average yield2.5%
Next dividend pay daten/a
Ex dividend daten/a
Dividend per share₹10.00
Earnings per share₹33.16
Dividend yield forecast in 3Y9.9%

Recent dividend updates

Recent updates

Oil and Natural Gas (NSE:ONGC) Has A Somewhat Strained Balance Sheet

Jan 30
Oil and Natural Gas (NSE:ONGC) Has A Somewhat Strained Balance Sheet

Oil and Natural Gas (NSE:ONGC) Is Increasing Its Dividend To ₹6.75

Nov 21
Oil and Natural Gas (NSE:ONGC) Is Increasing Its Dividend To ₹6.75

Is There An Opportunity With Oil and Natural Gas Corporation Limited's (NSE:ONGC) 44% Undervaluation?

Oct 31
Is There An Opportunity With Oil and Natural Gas Corporation Limited's (NSE:ONGC) 44% Undervaluation?

A Look At The Fair Value Of Oil and Natural Gas Corporation Limited (NSE:ONGC)

Aug 02
A Look At The Fair Value Of Oil and Natural Gas Corporation Limited (NSE:ONGC)

These 4 Measures Indicate That Oil and Natural Gas (NSE:ONGC) Is Using Debt Extensively

Jul 06
These 4 Measures Indicate That Oil and Natural Gas (NSE:ONGC) Is Using Debt Extensively

Oil and Natural Gas Corporation Limited's (NSE:ONGC) Intrinsic Value Is Potentially 63% Above Its Share Price

Apr 19
Oil and Natural Gas Corporation Limited's (NSE:ONGC) Intrinsic Value Is Potentially 63% Above Its Share Price

Oil and Natural Gas (NSE:ONGC) Seems To Use Debt Quite Sensibly

Mar 15
Oil and Natural Gas (NSE:ONGC) Seems To Use Debt Quite Sensibly

If You Like EPS Growth Then Check Out Oil and Natural Gas (NSE:ONGC) Before It's Too Late

Dec 08
If You Like EPS Growth Then Check Out Oil and Natural Gas (NSE:ONGC) Before It's Too Late

Estimating The Fair Value Of Oil and Natural Gas Corporation Limited (NSE:ONGC)

Nov 12
Estimating The Fair Value Of Oil and Natural Gas Corporation Limited (NSE:ONGC)

Is Oil and Natural Gas (NSE:ONGC) A Risky Investment?

Aug 26
Is Oil and Natural Gas (NSE:ONGC) A Risky Investment?

Oil and Natural Gas Corporation Limited Just Beat EPS By 21%: Here's What Analysts Think Will Happen Next

Jun 26
Oil and Natural Gas Corporation Limited Just Beat EPS By 21%: Here's What Analysts Think Will Happen Next

Oil and Natural Gas Corporation Limited (NSE:ONGC) Investors Should Think About This Before Buying It For Its Dividend

May 08
Oil and Natural Gas Corporation Limited (NSE:ONGC) Investors Should Think About This Before Buying It For Its Dividend

Does Oil and Natural Gas (NSE:ONGC) Have A Healthy Balance Sheet?

Mar 29
Does Oil and Natural Gas (NSE:ONGC) Have A Healthy Balance Sheet?

Oil and Natural Gas'(NSE:ONGC) Share Price Is Down 45% Over The Past Three Years.

Feb 21
Oil and Natural Gas'(NSE:ONGC) Share Price Is Down 45% Over The Past Three Years.

Is Oil and Natural Gas Corporation Limited (NSE:ONGC) At Risk Of Cutting Its Dividend?

Jan 24
Is Oil and Natural Gas Corporation Limited (NSE:ONGC) At Risk Of Cutting Its Dividend?

We Think Oil and Natural Gas (NSE:ONGC) Is Taking Some Risk With Its Debt

Dec 27
We Think Oil and Natural Gas (NSE:ONGC) Is Taking Some Risk With Its Debt

Dividend Yield vs Market

Oil and Natural Gas Dividend Yield vs Market
How does ONGC dividend yield compare to the market?
SegmentDividend Yield
Company (ONGC)6.9%
Market Bottom 25% (IN)0.4%
Market Top 25% (IN)1.6%
Industry Average (Oil and Gas)2.5%
Analyst forecast in 3 Years (ONGC)9.9%

Notable Dividend: ONGC's dividend (6.93%) is higher than the bottom 25% of dividend payers in the Indian market (0.37%).

High Dividend: ONGC's dividend (6.93%) is in the top 25% of dividend payers in the Indian market (1.63%)


Stability and Growth of Payments

How stable has Oil and Natural Gas's dividend per share been in the past?
MonthDividend Per Share (annual)Avg. Yield (%)
3/31/202513.3216
3/31/202414.0118
3/31/202315.2518
2/2/2023106.93
11/15/2022106.92
8/6/202210.57.89
2/11/20227.254.73
11/12/20217.354.81
8/28/20213.72.59
2/13/20213.53.09
9/15/202056.21
6/30/202056.33
2/14/202056.44
8/6/201975.53
5/30/201974.49
3/23/20197.64.62
2/14/20198.855.97
9/4/20186.64.34
3/1/20186.053.52
10/28/20176.053.2
8/31/20176.053.6
5/26/20176.053.68
1/31/20177.423.94
10/27/20165.672.93
8/12/20165.673.33
5/26/20165.673.87
3/9/20163.832.73
11/6/201564.07
8/1/20156.333.85
5/28/20156.333.16
3/20/20156.172.92
12/12/20146.332.82
9/1/20146.332.38
5/29/20146.332.29
3/24/20146.52.84
12/6/20136.333.3
7/12/20136.333.4
5/29/20136.333.03
12/21/20125.672.71
9/25/20126.53.65
3/15/20125.172.86

Stable Dividend: ONGC's dividend payments have been volatile in the past 10 years.

Growing Dividend: ONGC's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (35.4%), ONGC's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (52.8%), ONGC's dividend payments are covered by cash flows.


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