RIIL Dividend 2024 News: Shares of Reliance Industrial Infrastructure Limited (RIIL) will be in focus next week on account of its next corporate action. Mukesh Ambani-owned RIIL has announced a 35 per cent dividend payment on each stock for the financial year 2023-24. A dividend is a company’s reward to its investors for their investment in the business. It is paid in cash from earnings.
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RIIL Share Price
Shares of RIIL closed in green on Friday at Rs 1181.90 apiece, up 0.28 per cent, according to NSE. The scrip registered a high of Rs 1198.60 and a low of Rs 1175.35. More than 1.24 lakh equity shares changed hands during the day.
RIIL Dividend 2024 Amount
A dividend is always calculated and paid on the face value of each stock. Accordingly, a 35 per cent dividend translates into Rs 3.50 per equity with a face value of Rs 10 for FY24.
“Recommended a Dividend of Rs 3.50 per Equity Share of Rs 10/- each for the financial year ended March 31, 2024,” the Reliance Group stock said in an exchange filing.
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RIIL Dividend 2024 Ex-Date
RIIL has set June 5 as the ex-date for the dividend.
RIIL Dividend 2024 Record Date
RIIL has set June 5 as the record date for determining the eligibility of shareholders’ participation in the next dividend or corporate action.
“The Company has fixed Wednesday, June 05, 2024, as the “Record Date” for the purpose of determining the Members eligible to receive a dividend for the financial year 2023-24,” Mukesh Ambani-owned company stated in a regulatory filing.
RIIL Dividend 2024 Payment Date
In a statement, the RIIL said that the dividend would be paid within a week.
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RIIL Dividend Yield
At the current market price, the dividend yield of RIIL is 0.30 per cent.
RIIL Market Cap
According to NSE, RIIL has a total market cap of Rs 1784.67 crore. The stock’s 52-week movement indicates a high of Rs 1198.60 apiece and a low of Rs 1175.35 apiece.
RIIL Share Price History
RIIL is a component of the S&P BSE SmallCap. As per the BSE analytics (as of June 1), shares of Reliance Industrial Infrastructure Limited Fell by 4.95 per cent and 4.23 per cent in the last 1 week and 2 weeks, respectively. In the last 1 month and 3 months, shares of the company down by 10.72 per cent and 16.84 per cent, respectively. On a YTD basis, shares of the company have fallen by 16.60 per cent.
In the past 1 year, 2 years, 3 years, 5 years, and 10 years, shares of Mukesh Ambani-owned company gained by 30.13 per cent, 27.73 per cent, 174.88 per cent, 257.12 per cent, and 105.54 per cent, respectively.
RIIL Dividend History
Last year, RIIL paid a dividend of Rs 3.5 in June. In 2019, 2020, 2021, and 2022, the company declared dividend of Rs 3.
