RITES (Rail India Technical and Economic Service) has declared an equity dividend of 50% amounting to Rs 5 per share. At the current share price of Rs 272.70 this results in a dividend yield of 5.87% .RITES (Rail India Technical and Economic Service) informed the exchanges on that the company’s Board of Directors has declared the dividend for FY 2021.
This is the interim dividend declaration for the financial year ended 20-21.
The board has approved payment of interim dividend of Rs 5/- per equity share of Rs 10/- each fully paid up.
The record date for the purpose of determining the entitlement of the equity shareholders for the said dividend, has being fixed as Thursday, 11th January, 2021.
RITES (Rail India Technical and Economic Service) Dividend Percentage & Record Date
| RITES Dividend Type | Interim |
| RITES Dividend Price | Rs. 5/- |
| RITES Dividend Announcement Date | 30-12-2020 |
| RITES Dividend Ex-Dividend Date | 08-01-2021 |
| RITES Dividend Record Date | 11-01-2021 |
| RITES Dividend (%) | 50 % |
| RITES Dividend Payment Date | 29-01-2021 |
| RITES Quarterly Result | Q2 |
| Face Value (FV): | Rs. 10 |
| Financial year | 2020-21 |
| Board Meeting held on | 28-12-2020 |
RITES (Rail India Technical and Economic Service) Dividend Important Dates
| RITES Dividend Price | Rs. 5/- |
| RITES Dividend Record Date | 11th January 2021 |
| RITES Dividend Payment Date | 29th January 2021 |
RITES (Rail India Technical and Economic Service) Dividend History
You can view Announcement Date, Effective Date, Dividend Type (Interim, Final and Special), and Percentage of Dividend given information for RITES (Rail India Technical and Economic Service) Interim Dividend:
• Declared interim dividend of Rs. 5/- per equity share of face value of Rs. 10/- each for the financial year 2020-21.
• The Company has fixed 11th January 2021 as the “Record Date” for the purpose of payment of Interim Dividend on Equity Shares for the Financial Year 2020-21, if declared by the Board’. The Interim Dividend shall be paid to the Members on ( Payment Date of Rites Dividend ) 29th January 2021.
| Announcement Date | Effective Date | Dividend Type | Dividend (%) | Remarks |
|---|---|---|---|---|
| 30-06-2020 | 19-08-2020 | Final | 60.00 | Rs.6.0000 |
| 06-02-2020 | 17-02-2020 | Interim | 40.00 | Rs.4.0000 |
| 27-12-2019 | 09-01-2020 | Interim | 60.00 | Rs.6.0000 |
| 29-05-2019 | 10-07-2019 | Final | 40.00 | Rs.4.0000 |
| 11-03-2019 | 20-03-2019 | Interim | 40.00 | Rs.4.0000 |
| 17-12-2018 | 27-12-2018 | Interim | 47.50 | Rs.4.7500 |
| 30-07-2018 | 11-09-2018 | Final | 20.00 | Rs.2.0000 |
About RITES (Rail India Technical and Economic Service)
RITES Ltd., a Government of India Enterprise was established in 1974, under the aegis of Indian Railways. RITES is incorporated in India as a Public Limited Company under the Companies Act, 1956 and is governed by a Board of Directors which includes persons of eminence from various sectors of engineering and management.
RITES Ltd., an ISO 9001:2015 certified company, is a multi-disciplinary consultancy organization in the fields of transport, infrastructure and related technologies. It provides a comprehensive array of services under a single roof and believes n transfer of technology to client organizations. In overseas projects, RITES actively pursues and develops cooperative links with local consultants / firms, as means of maximum utilization of local resources and as an effective instrument of sharing its expertise.
RITES is internationally recognized as a leading consultant with operational experience of over 55 countries in Asia, Africa, Latin America, South America and Middle East regions. We are the only export arm of Indian Railways for providing rolling stock overseas (other than Thailand, Malaysia and Indonesia).
How To Check Eligibility for RITES (Rail India Technical and Economic Service) Dividend?
To determine whether you should get a dividend, you need to look at two important dates. They are the “record date” or “date of record” and the “ex-dividend date” or “ex-date.”
When a company declares a dividend, it sets a record date when you must be on the company’s books as a shareholder to receive the dividend.
Once the company sets the record date, the ex-dividend date is set based on stock exchange rules. The ex-dividend date for stocks is usually set one business day before the record date.
If you purchase a stock on its ex-dividend date or after, you will not receive the next dividend payment. Instead, the seller gets the dividend. If you purchase before the ex-dividend date, you get the dividend.
RITES (Rail India Technical and Economic Service) Dividend FAQs
What is RITES (Rail India Technical and Economic Service) dividend price?
Company declared Final dividend of Rs.5- per equity share of face value of Rs.10/- each for the financial year 2020-21.
What is Record date for RITES (Rail India Technical and Economic Service) dividend?
The RITES (Rail India Technical and Economic Service) dividend record date is Thursday, 11th January 2021.
What is GRITES (Rail India Technical and Economic Service) dividend payment Date?
RITES (Rail India Technical and Economic Service) dividend payout date is 29th Jan 2021.
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