Rail Vikas Nigam Ltd. Dividend
Dividend Info
Rail Vikas Nigam Ltd. has a good dividend-paying record. The company typically pays one dividend per year (excluding specials), and it has consistently declared dividends for the last three years.
On November 12, 2021, RVNL, declared a Final Dividend of Re. 0.44 per share on the equity shares of the face value of Rs. 10/- each for the fiscal year 2020-21.
The Record Date for determining the entitlement of shareholders to the dividend is December 01, 2021. Additionally, the Dividend payment would be made on/or before January 07, 2022.
Key Metrics
RVNL Dividend History
The below chart shows the full dividend history for Rail Vikas Nigam Ltd.
Below are the historical dividend data for RVNL since 2019
| Announcement | Ex-Date | Type | Dividend | Dividend % | Remarks |
|---|---|---|---|---|---|
| 29/05/2019 | 06/09/2019 | Final | 0.09 | 0.90 | |
| 29/07/2020 | 08/12/2020 | Final | 1.14 | 11.40 | |
| 26/03/2021 | 08/04/2021 | Interim | 1.14 | 11.40 | |
| 12/11/2021 | 30/11/2021 | Final | 0.44 | 4.40 | |
| ∑ = 2.81 |
About Rail Vikas Nigam
Rail Vikas Nigam Ltd was incorporated as an 100% owned PSU of Ministry of Railways on January 01, 2003. It became fully functional by March 2005. The company was granted Mini Ratna-I status on September 19, 2013.
RVNL is in the business of executing railway projects, which includes executing new lines, doubling lines, gauge conversion, railway electrification, metro projects, workshops, major bridges, construction of cable stayed bridges, institution buildings and more.
It works on a turnkey basis and undertake the full cycle of project development from conceptualization to commissioning including stages of design, preparation of estimates, calling and award of contracts, project and contract management, and all stages of project execution up to the stage of commissioning of the new railway lines.
