RITES Dividends and Buybacks
Dividend criteria checks 2/6
RITES is a dividend paying company with a current yield of 3.3%. Next payment date is on 6th December, 2024 with an ex-dividend date of 14th November, 2024.
Key information
3.3%
Dividend yield
n/a
Buyback Yield
| Total Shareholder Yield | n/a |
| Future Dividend Yield | 2.6% |
| Dividend Growth | 4.5% |
| Next dividend pay date | 06 Dec 24 |
| Ex dividend date | 14 Nov 24 |
| Dividend per share | ₹9.000 |
| Payout ratio | 95% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 541556 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 541556's dividend payments have increased, but the company has only paid a dividend for 6 years.
Dividend Yield vs Market
| RITES Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (541556) | 3.3% |
| Market Bottom 25% (IN) | 0.2% |
| Market Top 25% (IN) | 1.2% |
| Industry Average (Professional Services) | 1.1% |
| Analyst forecast (541556) (up to 3 years) | 2.6% |
Notable Dividend: 541556's dividend (3.3%) is higher than the bottom 25% of dividend payers in the Indian market (0.25%).
High Dividend: 541556's dividend (3.3%) is in the top 25% of dividend payers in the Indian market (1.15%)
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (95.1%), 541556's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (125.2%), 541556's dividend payments are not well covered by cash flows.