After successfully spinning off ITC Hotels, ITC share price will be in the spotlight as the record date for its dividend approach- February 12.
Following the demerger from ITC Hotels, the company has announced its first interim dividend if Rs 6.50/share for FY2025. This comes after the release of its Q3 results.
Before the demerger, ITC announced two dividends in 2024 – Rs 7.50 in June and Rs 6.25 in February. In previous years, it paid Rs 15.50 per share in 2023 and Rs 11.50 per share in 2022.
Let’s take a look at the key details, including the record date, ex-date, and dividend payment timeline for ITC shareholders.
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ITC has announced an interim dividend of Rs 6.50 per share, a 650% payout on its Rs 1 face value stock. This brings the current dividend yield to 3.20%.
As per the regulatory filing, the company on February 6 said, “Declared Interim Dividend of Rs 6.50 per Ordinary Share of Re 1 each for the financial year ending on 31st March, 2025.”
Who will get the dividend? Record date announced
The company, further, in the exchange filing noted that, “Fixed Wednesday, 12th February, 2025 as the Record Date for the purpose of determining entitlement of the Members for such Interim Dividend.”
To receive the dividend, investors must hold ITC shares by the record date tomorrow, February 12, 2025.
ITC dividend: Key dates for ex-date and payout schedule
Further, following the T+1 settlement cycle, ITC shares will trade ex-dividend on February 12. The dividend will be credited directly to eligible shareholders bank accounts between March 6 and March 8, 2025.
“Dividend will be paid between Thursday, 6th March, 2025 and Saturday, 8th March, 2025 to those Members of the Company entitled thereto,” added the company in an exchange filing on February 6.
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In the early trading hours today, the share price of ITC is trading at Rs 425.65 apiece, down by 0.47%. The stock’s 52-week range spans from Rs 399.35 to Rs 528.50, with a market cap of Rs 5.33 lakh crore.
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