RVNL dividend 20223: Shares trade ex-date today

RVNL dividend 2023 record date: Rail Vikas Nigam, NSE: RVNL shares traded ex-dividend today, September 20. RVNL's board recommended a final dividend of Rs 0.36 per equity share of the face value of Rs 10, subject to approval at the company's 20th Annual General Meeting (AGM). RVNL shares finished at Rs 163.65, down 0.82 per cent on NSE.

Here’s all you need to know about the latest RVNL dividend:

RVNL dividend 2023 record date

September 20, Wednesday, has been set as the record date for the final dividend for the year ended March 2023.

When is the RVNL AGM?

The company will conduct its 20th AGM through video conferencing (VC) or other audio-visual means (OAVM) on September 27. The dividend is subject to the approval of shareholders at the company’s AGM.

What is a record date?

A record date determines a shareholder's eligibility to benefit from corporate action such as a dividend. In other words, shareholders owing at least one share of the company in their demat accounts before the end of trading hours on the record date are eligible for such dividends.

RVNL dividend payment date 2023

The dividend, if declared by the shareholders, will be paid within 30 days from the conclusion of the AGM, as per the company's exchange filing.

RVNL dividend history

Here is a summary of RVNL dividends over the past few years:

Source: BSE

RVNL share price history

The railway stock has rewarded investors with a multi-bagger return of over 350 per cent in the past one year (September 19, 2022), a period in which the headline Nifty index has risen over 12 per cent.

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