RIL Corporate Action on Aug 18: Shares Trade Ex-Dividend, Record Date & More

  • Investing.com
  • Stock Market News
RIL Corporate Action on Aug 18: Shares Trade Ex-Dividend, Record Date & More
Credit: © Reuters.

By Malvika Gurung

Investing.com -- Shares of the oil-to-telecom conglomerate Reliance Industries (NS: RELI ) are trading ex-dividend on Thursday. At the time of writing, the scrip was down 0.46% at Rs 2,652.8 apiece.

While announcing the results of the June ending quarter earlier this month, the behemoth conglomerate fixed Aug 19 as the record date to determine shareholders eligible for receiving the dividend benefit.

The market heavyweight’s board had approved a dividend of Rs 8/share to eligible shareholders for the financial year 2021-22.

It had informed in a regulatory filing, “The Board of Directors has recommended a dividend of Rs 8 per fully paid up equity share of Rs 10 each for the financial year ended March 31, 2022.”

The dividend payment will be subject to the company members’ approval at its Annual General Meeting, held on Aug 29, 2022.

If the dividend is declared at the upcoming 45th AGM of the company, it shall be within a week from the date of conclusion. 

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