Upcoming Dividend: Navratna Railway PSU Stock Surges Ahead of Dividend Record Date; Do You Own?

Upcoming Dividend: Shares of Railway PSU stock, RITES Limited, are receiving heightened investors interest ahead of the dividend record date. RITES had announced a 26.5% dividend for its shareholders and will determine the eligibility of its shareholders for the corporate action this week.

RITES shares closed 0.04% higher at Rs 275.2 per share on BSE with a market capitalisation of Rs 13,226.2 crore on Tuesday, September 16. The railway sector stock had touched an intraday high mark of Rs 278.85 per share and an intraday low mark of Rs 272.60 per share on Tuesday.

RITES Dividend Record Date

The railway PSU stock had earlier announced a final dividend of Rs 2.65 per share. The company has fixed its dividend record date. The company has fixed Wednesday, September 17 as the dividend record date to determine the eligibility of its shareholders.

"Pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Company has fixed Wednesday, 17th September, 2025 as Record Date for payment of Final Dividend, if approved at the Annual General Meeting for FY 2024-25," stated RITES in a BSE filing earlier.

After RITES dividend record date, the company's will conduct its 51st Annual General Meting on Tuesday, September 23 at 11 am. RITES AGM will be held through Video Conferencing ("VC")/ Other Audio-Visual Means ("OAVM") in compliance with General Circular(s) issued by the Ministry of Corporate Affairs and Securities and Exchange Board of India from time to time.

Earlier, the company had announced an interim dividend of Rs 1.3 per share in the face value of Rs 10 per equity share.

RITES Share Price Trend

RITES shares touched a 52-week high mark of Rs 383.85 per share on BSE on 20 September, 2024. The stock had dipped to its 52-week low mark of Rs 192.3 per share on BSE on 3 March, 2025. RITES share price valuation has declined 6.79% since the beginning of the year 2025. However, the stock has recovered from its 52-week low mark and its valuation has surged around 31.42% in last six months.

During the first quarter of financial year 2025-26, the company had reported a net profit of Rs 95 crore. RITES operating revenue (consolidated), excluding other income, increased marginally to Rs 490 crore in Q1FY26 as against Rs 486 crore in Q1FY25. The total revenue stood at Rs 512 crore as against Rs 508 crore in Q1FY25.

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