RITES Dividend
Dividend criteria checks 2/6
RITES is a dividend paying company with a current yield of 2.75%. Next payment date is on 12th October, 2024 with an ex-dividend date of 20th September, 2024.
Key information
2.7%
Dividend yield
94%
Payout ratio
| Industry average yield | 1.0% |
| Next dividend pay date | 12 Oct 24 |
| Ex dividend date | 20 Sep 24 |
| Dividend per share | ₹18.000 |
| Earnings per share | ₹17.74 |
| Dividend yield forecast in 3Y | 2.7% |
Recent dividend updates
RITES (NSE:RITES) Is Due To Pay A Dividend Of ₹5.00
Aug 17
RITES (NSE:RITES) Has Announced That Its Dividend Will Be Reduced To ₹2.50
Aug 03Recent updates
RITES (NSE:RITES) Is Due To Pay A Dividend Of ₹5.00
Aug 17RITES (NSE:RITES) Has Announced That Its Dividend Will Be Reduced To ₹2.50
Aug 03A Look At The Intrinsic Value Of RITES Limited (NSE:RITES)
May 26Here's What To Make Of RITES' (NSE:RITES) Decelerating Rates Of Return
Apr 02RITES Limited's (NSE:RITES) 32% Price Boost Is Out Of Tune With Earnings
Feb 23Revenue Beat: RITES Limited Beat Analyst Estimates By 6.1%
Feb 05RITES Limited's (NSE:RITES) Low P/E No Reason For Excitement
Jan 05Return Trends At RITES (NSE:RITES) Aren't Appealing
Dec 12Calculating The Intrinsic Value Of RITES Limited (NSE:RITES)
Oct 28The Trend Of High Returns At RITES (NSE:RITES) Has Us Very Interested
Aug 31RITES' (NSE:RITES) Dividend Is Being Reduced To ₹3.75
Jul 31A Look At The Fair Value Of RITES Limited (NSE:RITES)
Jul 13RITES (NSE:RITES) Is Achieving High Returns On Its Capital
May 01Calculating The Intrinsic Value Of RITES Limited (NSE:RITES)
Apr 05RITES (NSE:RITES) Is Paying Out A Larger Dividend Than Last Year
Nov 17The Trend Of High Returns At RITES (NSE:RITES) Has Us Very Interested
Nov 01Is RITES (NSE:RITES) A Risky Investment?
Sep 30RITES (NSE:RITES) Is Achieving High Returns On Its Capital
Jul 23Earnings Update: RITES Limited Beat Earnings And Now Analysts Have New Forecasts For This Year
May 27Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: RITES has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: RITES'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 (RITES) | 2.7% |
| Market Bottom 25% (IN) | 0.2% |
| Market Top 25% (IN) | 1.0% |
| Industry Average (Professional Services) | 1.0% |
| Analyst forecast in 3 Years (RITES) | 2.7% |
Notable Dividend: RITES's dividend (2.75%) is higher than the bottom 25% of dividend payers in the Indian market (0.24%).
High Dividend: RITES's dividend (2.75%) is in the top 25% of dividend payers in the Indian market (1.05%)
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (94.4%), RITES's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (146.9%), RITES's dividend payments are not well covered by cash flows.