RITES Limited, together with its subsidiaries, provides consultancy, engineering, and project management services in the field of railways, highways, airports, ports, ropeways, urban transport, inland waterways, and renewable energy. The company operates through four segments: Consultancy Services; Leasing of Railway Rolling Stock & Equipments; Export of Rolling Stock, Equipments and spares; and Turnkey Construction Projects. It is involved in the survey and feasibility studies, detailed design and engineering, project management consultancy, technical audit, third party inspection, quality assurance, construction supervision, and leasing and export of locomotives and rolling stock; and maintenance and operational facilities such as smart yards, coaching, and freight maintenance depots. The company also constructs railway workshops, track doubling /tripling/quadruplicating, new/additional railway line, railway electrification, redevelopment of railway stations, institutional buildings, wind, solar and other renewable energy projects on a turnkey basis; and civil construction works; and generates power from windmills and solar energy plants. In addition, it offers services in the field of road/railway tunnels engineering, urban engineering, electrical engineering, information technology, privatization and concession projects, railway electrification, rolling stock design, railway equipment, signaling & telecommunications, surveys, and training programs. The company serves central/state governments, public sector undertakings, large corporations, and private enterprises in India, Asia, and Africa. RITES Limited was incorporated in 1974 and is based in Gurugram, India.
RITES Dividend Announcement
• RITES announced a quarterly dividend of ₹1.75 per ordinary share which will be made payable on 2024-12-06. Ex dividend date: 2024-11-14
• RITES annual dividend for 2024 was ₹21.25
• RITES annual dividend for 2023 was ₹26.25
• RITES's trailing twelve-month (TTM) dividend yield is 3.79%
• RITES's dividend growth over the last five years (2018-2023) was 31.21% year
RITES Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-11-14 | ₹1.75 | quarterly | 2024-12-06 |
| 2024-09-20 | ₹5.00 | quarterly | 2024-10-12 |
| 2024-08-08 | ₹5.00 | quarterly | 2024-08-30 |
| 2024-02-09 | ₹9.50 | quarterly | 2024-03-02 |
| 2023-11-08 | ₹4.50 | quarterly | 2023-11-30 |
| 2023-09-08 | ₹6.00 | quarterly | 2023-10-15 |
| 2023-08-07 | ₹3.75 | quarterly | 2023-08-27 |
| 2023-02-17 | ₹12.00 | quarterly | 2023-03-11 |
| 2022-11-17 | ₹9.00 | quarterly | 2022-12-10 |
| 2022-09-08 | ₹3.50 | quarterly | 2022-10-16 |
| 2022-08-04 | ₹8.00 | quarterly | 2022-08-27 |
| 2022-03-24 | ₹7.50 | quarterly | 2022-04-13 |
| 2021-11-24 | ₹4.00 | quarterly | 2021-12-11 |
| 2021-09-20 | ₹4.00 | quarterly | 2021-10-29 |
| 2021-08-18 | ₹4.00 | quarterly | 2021-09-11 |
| 2021-03-18 | ₹8.00 | quarterly | 2021-04-11 |
| 2021-01-08 | ₹5.00 | quarterly | 2021-01-29 |
| 2020-08-19 | ₹12.00 | quarterly | 2020-09-27 |
| 2020-02-17 | ₹4.00 | quarterly | 2020-03-07 |
| 2020-01-09 | ₹6.00 | quarterly | 2020-01-26 |
| 2019-07-10 | ₹4.00 | quarterly | 2019-08-29 |
| 2019-03-20 | ₹4.00 | quarterly | 2019-04-10 |
| 2019-03-18 | ₹10.00 | quarterly | |
| 2018-12-27 | ₹4.75 | quarterly | 2019-01-16 |
| 2018-09-11 | ₹2.00 | quarterly | 2018-10-19 |
RITES Dividend per year
RITES Dividend growth
RITES Dividend Yield
RITES current trailing twelve-month (TTM) dividend yield is 3.79%. Interested in purchasing RITES stock? Use our calculator to estimate your expected dividend yield:
RITES Financial Ratios
P/E ratio36.58
PEG ratio3.36
P/B ratio5.64
ROE15.02%
Payout ratio0.00%
Current ratio1.57
Quick ratio1.57
Cash Ratio0.02
RITES Dividend FAQ
How much is the next RITES dividend?
RITES's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next RITES dividend. The next RITES dividend will be released in February, August, September, or November.
When is RITES dividend paid?
RITES pays dividends on a quarterly basis. The specific dates may vary each year but are generally around February, August, September, and November. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does RITES pay?
The specific amount of RITES dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find RITES's dividend history.
Does RITES stock pay dividends?
Yes, RITES does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find RITES's dividend history.
How much dividend does RITES pay?
RITES paid ₹21.25 in 2024, ₹26.25 in 2023, ₹28.0 in 2022, ₹25.0 in 2021, and ₹22.0 in 2020.
How often does RITES pay dividends?
RITES typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around February, August, September, and November.
What is RITES's dividend yield?
The current dividend yield for RITES is 3.79%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate RITES's exact dividend yield.
When does RITES go ex dividend?
RITES's ex-dividend date for the latest dividend was on 2024-11-14. RITES typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next RITES dividend paid?
RITES pays dividends on a quarterly basis, typically around February, August, September, or November, but the exact dates can vary each year.
Will RITES increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether RITES will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is RITES dividend per share?
RITES paid ₹21.25 per share in 2024 and ₹26.25 per share in 2023. The amount of dividend per share that RITES pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is RITES a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is RITES a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is RITES a dividend stock?
Yes, RITES is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is RITES a good dividend stock?
Whether RITES is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. RITES has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating RITES as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Other factors to consider when evaluating RITES as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Does RITES pay dividends monthly?
RITES typically pays dividends on a quarterly basis.
Does RITES pay dividends quarterly?
RITES currently pays dividends on a quarterly basis.
Has RITES ever paid a dividend?
Yes, RITES has a history of paying dividends to its shareholders. RITES is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy RITES dividend stocks?
To buy RITES you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy RITES stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
Place an order: Use the brokerage's trading platform to place an order to buy RITES stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does RITES pay dividends 2024?
RITES pays dividends on a quarterly basis. 2024 dividend payments are in 2024-12-06. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will RITES increase its dividend in 2024?
Decisions regarding RITES dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date RITES dividend overview you can look into the above table of dividend history.
How RITES dividend works?
The RITES dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how RITES's dividend process works:
1. Determination of Dividend: RITES's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, RITES publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, RITES distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from RITES are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Determination of Dividend: RITES's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, RITES publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, RITES distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from RITES are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
How are RITES dividends paid?
RITES dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: RITES sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, RITES distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: RITES declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
1. Record Date: RITES sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, RITES distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: RITES declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
How many times does RITES pay dividends?
RITES typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does RITES pay dividends?
The general pattern is that RITES pays dividends around February, August, September, and November. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is RITES dividend safe?
The safety of RITES's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of RITES's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review RITES's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.
To assess the safety of RITES's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review RITES's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.