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Dividend Yield: 4.9%

D. B. Corp's dividend payments are covered by both earnings (65.2% payout ratio) and cash flows (57% cash payout ratio), indicating sustainability despite a volatile dividend track record over the past decade. The company trades at 9.6% below estimated fair value, suggesting good relative value in the market. Recent earnings show significant growth, with net income rising to ₹1,178.66 million for Q1 2024 from ₹787.59 million a year ago, supporting its ability to maintain dividends amidst fluctuating payouts.

• Click here to discover the nuances of D. B with our detailed analytical dividend report.

• Our expertly prepared valuation report D. B implies its share price may be lower than expected.

Oil and Natural Gas

Simply Wall St Dividend Rating: ★★★★★☆

Overview: Oil and Natural Gas Corporation Limited (NSEI:ONGC), along with its subsidiaries, is involved in the exploration, development, and production of crude oil and natural gas both in India and internationally, with a market cap of ₹3.77 trillion.

Operations: Oil and Natural Gas Corporation Limited generates revenue from its operations outside India (₹96.69 billion), refining and marketing within India (₹5.72 billion), onshore exploration and production in India (₹441.92 million), and offshore exploration and production in India (₹953.81 million).

Dividend Yield: 4.1%

Oil and Natural Gas Corporation (ONGC) has a dividend yield of 4.09%, placing it in the top 25% of Indian dividend payers. The company's dividends are well-covered by earnings (31.3% payout ratio) and cash flows (32.5% cash payout ratio). Despite a volatile dividend history, ONGC's payments have increased over the past decade. Recent management changes include appointing Shri Arunangshu Sarkar as Director (Strategy & Corporate Affairs), which may impact future strategic decisions.

• Unlock comprehensive insights into our analysis of Oil and Natural Gas stock in this dividend report.

• In light of our recent valuation report, it seems possible that Oil and Natural Gas is trading beyond its estimated value.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include NSEI:BANKBARODA NSEI:DBCORP and NSEI:ONGC.

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