Updated May 18, 2024 | 06:47 PM IST
RIL Dividend 2024: Reliance Industries is set to pay 100 per cent dividend payout on the face value of Rs 10 each. ​Reliance Industries boasts a rich history of paying dividends to its shareholders. As per BSE data, the company has paid a dividend of Rs 9 in 2023, or Rs 8 in 2022, Rs 7 in 2021, Rs 6.50 in 2020.
RIL Dividend 2024, Share Price Today: India’s richest man Mukesh Ambani‘s textile-to-oil conglomerate Reliance Industries Ltd (RIL) announced a dividend for its shareholders in its recent annual general meeting held on April 22. The company is set to pay 100 per cent dividend on the face value of Rs 10 each.
RIL’s shares on Saturday’s special trading session (May 18) settled at Rs 2,869.50 on NSE, 0.66 per cent higher against its previous closing price.
Indian stock markets were open on Saturday, May 18, 2024, as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) have scheduled a special trading session, in the equity and equity derivatives segments, to evaluate their disaster preparedness in the event of major disruptions.
Both exchanges underwent an intraday switch from the primary site to the disaster recovery (DR) site during this session.
Reliance Industries (RI)L Dividend 2024
Reliance Industries announced a dividend of Rs 10 per equity share for the quarter and year ended March 31, 2024.
“Recommended a dividend of Rs. 10.00 per equity share of Rs. 10/- each for the financial year ended March 31, 2024,” the company said in an exchange filing.
Dividend refers to a reward, cash or otherwise, that a company gives to its shareholders. Dividends can be issued in various forms, such as cash payment, stocks or any other form. A company’s dividend is decided by its board of directors and it requires the shareholders’ approval. However, it is not obligatory for a company to pay dividend. Dividend is usually a part of the profit that the company shares with its shareholders.
Reliance Industries (RIL) Dividend Record Date
Reliance Industries has not yet fixed any record date for its upcoming dividend.
The record date is the specific day on which a company finalises the list of shareholders eligible for its upcoming dividend distribution.
Reliance Industries (RIL) Dividend History
Reliance Industries boasts a rich history of paying dividends to its shareholders. As per BSE data, the company has paid a dividend of Rs 9 in 2023, or Rs 8 in 2022, Rs 7 in 2021, Rs 6.50 in 2020.
Reliance Industries (RIL) Dividend Yield
At the current market price, Reliance Industries (RIL) has a dividend yield of 0.31 per cent as of May 18, 2024.
Reliance Industries (RIL) Q4 Results 2024
Reliance Industries reported a 2 per cent fall in its consolidated net profit at Rs 18,951 crore for the quarter ended March 2024. It was Rs 19,299 crore in the year-ago period. ET NOW had predicted PAT at Rs 18,227 crore.
Revenue from operations surged 11 per cent year-on-year to Rs 2.4 lakh crore in the reporting period, compared with Rs 2.16 lakh crore in the previous year quarter.
The company’s operating profit (EBITDA) recorded a strong growth of 14 per cent year-on-year to Rs 47,150 crore in the March quarter, while margins expanded 50 basis points to 17.8 per cent.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
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