The Ritz method was used to determine the frequencies and forms of free vibrations of rectangular cantilever plates made of anisotropic laminated composites. Orthogonal Jacobi and Legendre polynomials were used as coordinate functions. The results of the calculations are in good agreement with the published experimental and calculated data of other authors for plates made of boron and carbon fiber reinforced plastics with different angles of reinforcement of unidirectional layers and different sequence of placing the layers, and also of isotropic plates. The dissipative characteristics in vibrations were determined on the basis of the concept of complex moduli. The solution of the frequency equation with complex coefficients yields a complex frequency; the loss factors are determined from the ratio of the imaginary component of the complex frequency to the real component. For plates of unidirectionally reinforced carbon fiber plastic with different relative length a detailed analysis of the influence of the angle of reinforcement on the interaction and frequency transformation and on the loss factor was carried out. The article shows that the loss factor of a plate depends substantially on the type of vibration mode: bending or torsional. It also examines the asymptotics of the loss factors of plates when their length is increased, and it notes that the binomial model of deformation leads to a noticeable error in the calculation of the loss factor of long plates when the angle of reinforcement lies in the range 20° < Mathematical bold italic small phi < 70°.