FMCG major, ITC has announced interim dividend of Rs 6.50/share. The board set February 12 as the record date. According to the filing on the exchanges, “Interim Dividend of Rs 6.50 per Ordinary Share of Rs 1/- each for the financial year ending on March 31, 2025,” announced and the dividend will be paid to eligible shareholders “between Thursday, March 6- Saturday, March 8, 2025.”
ITC Dividend timeline
A look now at the earlier dividend payouts by ITC-
2024: In 2024, ITC paid dividend twice. It paid dividend of Rs 7.50 in June and Rs 6.25 in February.
Also Read ITC Share Price Today Live Updates, 01 Feb, 2025: ITC on the radar Coal India announces Rs 5.60 interim dividend; record date fixed on Jan 31 Wipro dividend announcement: Interim dividend of Rs 6 declared Dividend announcement: HCL Tech declares fourth interim dividend of Rs 18
2023: In 2023, shareholders got rewarded thrice. A an interim dividend of Rs 6 was given in February. This was followed by a final and special dividend of Rs 6.75 and Rs 2.75 in May.
In 2022 and 2021, ITC shareholders got Rs 11.50 and Rs 10.75 dividend respectively.
The ITC management indicated that that the company put forth a “resilient performance amidst a subdued demand environment and sharp escalation in input costs. Notwithstanding the near-term challenges, India’s economic outlook remains bright with the country continuing to be the fastest growing major economy in the world with significant headroom for growth over the medium and long-term. With improving agri terms-of-trade, healthy kharif output and improvement in Rabi sowing, rural consumption is expected to build on the gradual recovery momentum witnessed in recent months; there are incipient signs of recovery in urban demand as well. Anticipated moderation in inflation, uptick in government spending and private investments, and the Government’s thrust on public infrastructure & the rural sector augur well for boosting economic activity and a pick-up in consumption demand.”
» Read More
