ITC is once again rewarding its shareholders with a hefty 650% dividend payout. If you held ITC shares as of the record date, a cash reward is coming your way soon. Here’s everything investors should know about the dividend, stock performance, and recent market moves.
Big payout: How much and when?
ITC has announced an interim dividend of Rs 6.50 per share for the financial year 2024-25. Shareholders can expect to receive the payout between March 6 and March 8, 2025.
“Declared Interim Dividend of Rs 6.50 per Ordinary Share of Rs 1/- each for the financial year ending on 31st March, 2025; such Dividend will be paid between Thursday, 6th March, 2025 and Saturday, 8th March, 2025 to those Members of the Company entitled thereto,” the company said in an exchange filing on February 6, 2025.
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To receive the dividend, investors needed to own ITC shares before the record date, February 12, 2025. If you bought shares after this date, you won’t be eligible for this payout.
ITC’s dividend track record
ITC has maintained a track record of rewarding its shareholders with regular dividends. In 2024, the company paid a final dividend of Rs 7.50 per share and an interim dividend of Rs 6.25 per share. In 2023, it distributed a final dividend of Rs 6.75 per share along with a special dividend of Rs 2.75 per share. The highest dividend payout in recent years was in 2020 when ITC declared Rs 10.15 per share.
ITC stock: Where does it stand now
Despite the positive dividend announcement, ITC’s stock performance has been under pressure in recent months.
Over the last five days, the stock has gained 2%, but it has declined by 6% in the past month and dropped 21% over the last six months. On a year-to-date basis, ITC shares have fallen 16%.
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However, the company remains one of India’s largest FMCG players, with a market capitalisation of Rs 5.06 lakh crore. The stock has a 52-week high of Rs 528.50 and a low of Rs 391.20.
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