RITES dividend: Board recommends Rs 6/share payout
RITES dividend: Engineering and consultancy company RITES on Thursday said its board recommended a dividend of Rs 6 per share, subject to shareholders nod.
RITES dividend news: Engineering and consultancy company RITES on Thursday announced a dividend of Rs 6 per share — a 60 per cent payout given the face value of Rs 10 per share. This is the final dividend for the financial year ended March 2023.
The company said the dividend is subject to shareholders' nod at its annual general meeting (AGM).
RITES dividend history
RITES has been rewarding investors consistently. Here's a summary of the dividends announced by RITES over the past five years:
Announcement Date | Dividend (Rs) | Ex-Date | Dividend Type |
Jan, 19, 2023 | 6 | Feb 17, 2023 | Interim |
Nov 3, 2022 | 4.5 | Nov 17, 2022 | Interim |
May 24, 2022 | 3.5 | Sept 8, 2022 | Final |
July 20, 2022 | 4 | Aug 4, 2022 | Interim |
Mar 14, 2022 | 7.5 | Mar 24, 2022 | Interim |
Nov 11, 2021 | 4 | Nov 24, 2021 | Interim |
June 16, 2021 | 4 | Sept 20, 2021 | Final |
Aug 5, 2021 | 2 | Aug 18, 2021 | Interim |
Mar 5, 2021 | 4 | Mar 18, 2021 | Interim |
Dec 30, 2020 | 5 | Jan 8, 2021 | Interim |
June 30, 2020 | 6 | Aug 19, 2020 | Final |
Feb 6, 2020 | 4 | Feb 17, 2020 | Interim |
Dec 27, 2019 | 6 | Jan 9, 2020 | Interim |
May 29, 2019 | 4 | July 10, 2019 | Final |
Mar 11, 2019 | 4 | Mar 20, 2019 | Interim |
Dec 17, 2018 | 4.75 | Dec 27, 2018 | Interim |
July 30, 2018 | 2 | Sept 11, 2018 | Final |
RITES Q4 results
RITES reported a net profit of Rs 138.4 crore for the quarter ended March 2023, marking an increase of 6.6 per cent compared with the corresponding period a year ago. Its revenue, however, decreased to Rs 659 crore for the three-month period as against Rs 744.2 crore for the year-ago quarter, according to a regulatory filing.
Revenue from the company's domestic consultancy business grew 2.8 per cent to Rs 286.6 crore.
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