ITC has announced its highest dividend payout in nearly five years. This move comes alongside the company’s latest quarterly results, which showed modest profit growth.
Let’s take a look at the five most important things to know about ITC’s latest move.
ITC Dividend: Big payout in two parts
ITC has declared a final dividend of Rs 7.85 per share, adding to the interim dividend of Rs 6.50 announced earlier. This brings to a total payout to a substantial Rs 14.35 per share for the financial year 2024-25.
Furthermore, it is also the highest total dividend by ITC since 2020. If approved at the company’s 114th AGM scheduled on July 25, 2025, shareholders will see a rewarding return on their investment.
ITC through an exchange filing on May 22 said, “Recommended Final Dividend off Rs 7.85 per Ordinary Share off Rs 1 each for the financial year ended 31st March, 2025, subject to declaration of the same by the Members at the ensuing 114th Annual General Meeting (‘AGM’) of the Company which has been convened for Friday, 25th July, 2025; the Final Dividend, if declared, will be paid between Monday, 28th July, 2025 and Thursday, 31st July, 2025 to those members entitled thereto”.
ITC Dividend: Record date is May 28
Whether you are wondering of your eligibility for the dividend then it all depends on the record date. ITC has fixed May 28, as the cut off date to determine eligible shareholders. If you hold ITC shares by that date, you are in line to receive the final dividend.
The company further in the exchange filing added, “Fixed Wednesday, 28th May, 2025 as the Record Date for the purpose of determining entitlement of the Members for payment of final dividend.”
ITC Dividend: Payout timeline
If the dividend gets the green signal at the AGM, at ITC’s 114th Annual General Meeting (AGM) on July 25, it will be credited to your account sometime between July 28 and July 31.
ITC Q4FY25 snapshot
ITC reported a consolidated net profit of Rs 19,727 crore in the January-March quarter. However, Rs 15,179 crore of that came from a one time gain linked to the ITC Hotels demerger. Without that boost, net profit stood at Rs 4,875 crore, up just 0.8% year on year.
Revenue-wise, the company posted Rs 18,494 crore in standalone revenue, higher than the Rs 16,907 crore posted in Q4FY24.
ITC stock performance
Following the dividend announcement and Q4 results, ITC share price jumped 3% in intraday trading today. Over the past month, the stock is up 1.65%. With a market cap of Rs 5.48 lakh crore, ITC remains a heavyweight, trading between a 52-week high of Rs 528.50 and a low of Rs 390.15.