ITC Limited to Declare Interim Dividend as Board Considers Third Quarter Results – Market Capitalization Reaches Rs 5,68,262.28 Crore

2024-01-28 04:57:11
ITC Limited is a large scale diversified FMCG company. Now the company is ready to declare dividend to its shareholders. According to the company’s exchange filing, ITC’s board will meet next week to consider declaring an interim dividend. The board is expected to announce its third quarter results next week. ITC’s ex-dividend is more than 2 percent.Samayam Tamil

Dividends are the reward a company pays to its investors for their investment in the business. It is usually paid in cash from earnings. A record date is the date that allows a company to determine the shareholders’ eligibility to participate in the next dividend.

According to the BSE website, ITC paid dividend three times in 2023. In May 2023, Rs. 6.75, in February it also gave Rs.6. In 2022, ITC paid a dividend of Rs 6.25 in May and Rs 5.25 in February. In 2021 and 2020, ITC paid Rs 10.75 and Rs 10.15 per share as dividend respectively.
ITC Shares of ITC have risen 34 percent in the past one year. The stock has given a multipacker return of 112 percent over the past two years. In the last three years, ITC shares have gained 119 percent against a 46 percent rise in the Sensex.
ITC shares on the BSE have a 52-week range of Rs 499.60 – Rs 329. According to the BSE website, the market capitalization of the company as on January 25 is Rs 5,68,262.28 crore.

Shout a lot at work and take it to the next level!