RITES (BOM:541556) Dividend Payout Ratio : 0.90 (As of Dec. 2023)

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What is RITES Dividend Payout Ratio?

RITES's dividend payout ratio for the months ended in Dec. 2023 was 0.90.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of RITES Ltd is 1.38, which seems too high.

The historical rank and industry rank for RITES's Dividend Payout Ratio or its related term are showing as below:

BOM:541556' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.45 Med: 0.78 Max: 1.38
Current: 1.38

During the past 11 years, the highest Dividend Payout Ratio of RITES was 1.38. The lowest was 0.45. And the median was 0.78.

BOM:541556's Dividend Payout Ratio is ranked worse than
94.38% of 818 companies
in the Construction industry
Industry Median: 0.35 vs BOM:541556: 1.38

As of today (2024-05-17), the Dividend Yield % of RITES is 2.87%.

During the past 11 years, the highest Trailing Annual Dividend Yield of RITES was 8.30%. The lowest was 0.68%. And the median was 5.14%.

RITES's Dividends per Share for the months ended in Dec. 2023 was ₹4.50.

During the past 12 months, RITES's average Dividends Per Share Growth Rate was 30.30% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 10.90% per year.

During the past 11 years, the highest 3-Year average Dividends Per Share Growth Rate of RITES was 26.70% per year. The lowest was 10.90% per year. And the median was 18.80% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

RITES Dividend Payout Ratio Historical Data

The historical data trend for RITES's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

RITES Dividend Payout Ratio Chart

RITES Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Dividend Payout Ratio

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0.45

0.57

0.86

0.79

0.78

RITES Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Dividend Payout Ratio	Get a 7-Day Free Trial															0.64	0.90	1.09	2.32	0.90

Competitive Comparison of RITES's Dividend Payout Ratio

For the Engineering & Construction subindustry, RITES's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

RITES's Dividend Payout Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, RITES's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where RITES's Dividend Payout Ratio falls into.

RITES Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

RITES's Dividend Payout Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Mar. 2023 )	/	EPS without NRI (A: Mar. 2023 )
	=	18	/	23.227
	=	0.77

RITES's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	4.5	/	5
	=	0.90

RITES (BOM:541556) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

RITES Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of RITES's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

RITES (BOM:541556) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » RITES Ltd (BOM:541556) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

RITES:India

Address

Plot No. 1, Shikhar, Sector - 29, Gurugram, HR, IND, 122001

Website

https://www.rites.com

RITES Ltd is a multi-disciplinary consultancy organization. The company's operating segment includes Consultancy Services, Leasing of railway rolling stock and equipment, Export of rolling stock, equipment and spares, Turnkey Construction Projects, and Power Generation. The firm generates a majority of its revenue from Consultancy services. The firm operates in various sectors such as airports, highways, bridge and tunnel engineering, and industrial engineering among others. Geographically, it derives a majority of revenue from India.

RITES (BOM:541556) Headlines

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