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New Delhi: Today, the shares of the railway sector company RITES are in focus. Actually, today the shares of RITES are trading on ex-bonus and ex-dividend. This means that the shareholders of RITES are getting rich. RITES shares have seen a rise since the beginning of trading.
At the time of writing the news, RITES shares were trading at Rs 363.55 per share with a rise of 7.16 percent.
How much bonus share is being received (RITES Bonus Share)
According to the stock exchange filing, the company is giving bonus shares at the ratio of 1:1 to its shareholders. This means that investors will get 1 share for 1 share. The company has fixed today's date for bonus shares (RITES Bonus Share). Since this morning, the company's shares are trading at ex-bonus. Only those shareholders who have RITES shares in their demat account will get the benefit of bonus shares.
Investors will get the benefit of dividend (RITES Dividend Stock)
RITES shareholders are going to get double benefit today. Actually, along with bonus shares, the company has also announced dividend (RITES Dividend). Shareholders who have shares in their account will be given dividend by the company. The company said in the stock exchange filing that it is giving a dividend of Rs 5 per share to the shareholders. The company has not yet given information on which day the dividend will be credited to the shareholders' account.
RITES Share Performance
Talking about the performance of RITES shares, in the last 1 year, the company's shares have given a negative return of 28.05 per cent. Whereas in the last six months, the company's shares have fallen by 42.17 per cent.
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