After delivering multibagger returns of 121.85 per cent over the last six months, shares of state owned Navratna PSU Rail Vikas Nigam Ltd (RVNL) will be trading ex-date next week for a 21.1 per cent dividend to its shareholders. With the current face value of Rs 10, this translates to a dividend of Rs 2.11 equity per share.
The Railway PSU stock you’re referring to is Rail Vikas Nigam Ltd (RVNL). They have announced a dividend of Rs 2.11 per share, with the ex-date set for September 23, 202412. This means that shareholders who own the stock before this date will be eligible for the dividend.
RVNL’s stock has shown remarkable growth, increasing by 1510.93% over the past two years1. This impressive performance is attributed to various factors, including new orders and strategic partnerships2
RVNL dividend ex-date
RVNL has set September 23 as the ex-date for the final dividend of FY24 as per BSE.
RVNL dividend record-date
RVNL has set September 23 as the dividend record date. Apart from this, the PSU will observe September 24–30, 2024, as the book close date as per a regulatory filing.
RVNL Dividend 2024 Payment Date
According to an exchange filing, the railway PSU will approve the payment date in its 21st Annual General Meeting which will be held on September 30. The company will pay the dividend within 30 days from the conclusion of the AGM.
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