Shares of government railway company RITES Ltd are now trading as ex-bonus and ex-dividend.
The company is offering one bonus share for every share held, along with a dividend of Rs 5 per share. On Friday, the share price of RITES Ltd saw a sharp increase of over 12%.
Important Date for Dividend and Bonus Shares
RITES Ltd has informed the stock exchanges that eligible investors will receive one bonus share for every share they own.
Additionally, the company is providing a Rs 5 dividend per share. The record date for these benefits is today, September 20, 2024.
This means that only those investors who are listed in the company’s record books today will be entitled to the bonus shares and dividend.
Share Price Performance
RITES Ltd shares opened at Rs 362.95 on the BSE today, compared to Thursday’s closing price.
Shortly after, the shares surged over 12%, reaching Rs 383.85. Notably, in 2019, the company had offered a 1:4 bonus share.
Recent Performance of RITES Ltd Shares
Over the past month, RITES Ltd shares have gained 8.9%. Investors who have held the stock for six months have seen a 17% return.
Over the past year, the company has delivered a 42% return to its shareholders.
As of June 2024, the government held a 72.20% stake in RITES Ltd, while the public owned 13.50%. Mutual funds accounted for 3.32% of the company’s shares.
