Reliance Industries Limited (RIL) has announced crucial dates regarding its upcoming Rs 10 per share dividend. Investors aiming to benefit from this dividend need to take note of the following key details and dates.
Dividend Ex-Date and Record Date
The ex-date for Reliance Industries’ Rs 10 dividend is set for Friday, August 16, 2024. Investors must purchase shares by this date to be eligible for the dividend. It is important to note that the stock market will be closed on August 17 and 18 for the weekend. The record date, which determines who qualifies for the dividend, is Monday, August 19, 2024.
Dividend Payment Information
The Rs 10 dividend per share is for the financial year ending March 31, 2024. After Reliance Industries’ Annual General Meeting (AGM), the dividend will be paid electronically within a week. Shareholders who hold physical share certificates must ensure they have submitted their Permanent Account Number (PAN), contact details, bank account information, and specimen signature to receive the payment electronically, as required by the Securities and Exchange Board of India (SEBI).
Reliance Industries’ Dividend History
Reliance Industries has consistently rewarded its shareholders with dividends. In 2023, the company paid a final dividend of Rs 9 per share, and in 2022, the dividend was Rs 8 per share. With the current share price at Rs 2,923.7, the dividend yield for this year stands at approximately 0.31%.
Financial Performance Overview
For the quarter ending June 30, 2024, Reliance Industries reported a total income of Rs 2,35,767 crore. This represents a slight decrease of 2.20% from the previous quarter’s income of Rs 2,41,067 crore. The company’s net profit after tax for the quarter stood at Rs 17,448 crore.
This dividend announcement, coupled with Reliance Industries’ solid financial performance, highlights the company’s commitment to returning value to its shareholders. Investors are encouraged to take note of the key dates to ensure they benefit from the upcoming dividend.