Fri Sep 20 07:45:51 UTC 2024: ## RITES Shares to Trade Ex-Dividend and Ex-Bonus on Friday

**New Delhi, September 19th:** Railway PSU stock RITES is set to trade ex-dividend and ex-bonus on Friday, September 20th. The company declared a final dividend of Rs 5 (50%) for the fiscal year ending 2024, with the record date set for September 20th. This means investors holding RITES shares on that date will be eligible for the dividend.

RITES, known for its consistent dividend payouts, has declared dividends 23 times since 2018. In the past year alone, the company declared an equity dividend of ₹11.75 per share, resulting in a dividend yield of over 2% based on the current share price of Rs 693.5.

Adding to the investor bonanza, RITES also announced a 1:1 bonus share issue, the second such issue for the company. This means existing shareholders will receive one bonus share for every share held, with the record date for the bonus issue also set for September 20th.

Ahead of these corporate actions, RITES shares gained over 2% on Wednesday, closing at Rs 696.4 per share. The stock has delivered a strong return of 148% to investors in the past three years.

Read More