Shares of Rail Vikas Nigam trade ex-dividend today

Rail Vikas Nigam (RVNL) shares are trading ex-dividend as the company announced a Rs 1.77 interim dividend with April 6 as the record date. Around a day or two prior to the record date, companies usually trade ex-dividends. In the last year, the company has declared an equity dividend of Rs 2.02 per share, leading to a dividend yield of 2.72%. Trendlyne data shows that the consensus estimate represents a downside of -43.40% from the current levels, but Prabhudas Lilladher has a Buy call on the stock with a target price of Rs 78.