RITES dividend 2023: Board announces 45% payout—checkout record date

RITES dividend 2023: RITES on Tuesday, October 31 announced its second interim dividend for the financial year 2023-24 of Rs 4.5 per share of face value of Rs 10, translating to a 45 per cent of paid-up share capital of the company.

RITES dividend 2023 record date

The board has fixed November 8 as the record date. "Board may consider payment of Second Interim Dividend, for the F.Y 2023-24, if any. The Company has fixed Wednesday, November 08, 2023 as the Record date for the purpose of payment of Second Interim Dividend for the F.Y 2023-24," the company's regulatory filing read.

RITES dividend history

Rites has declared 20 dividends since September 11, 2018. Rites has declared an equity dividend amounting to Rs 20.25 per share, in the past 12 months.

Source: NSE

RITES share price history

RITES's stock has given a positive return of nearly 19 per cent in the last 12 months (from November 1, 2022). In comparison, the headline index Nifty 50 has rallied over 5 per cent. RITES shares finished down 1.74 per cent at Rs 455 apiece on NSE.

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