Shares of ITC Ltd. will be of interest on Tuesday, as the day marks the last session for investors to buy shares to qualify for receiving the dividend before the stock goes ex/record-date.
The record date determines the eligible shareholders who will receive the dividend payment. The ex-dividend date, which mostly coincides with the record date, marks when the share price adjusts to reflect the upcoming payout.
ITC's board announced a final dividend of Rs 7.85 per share for financial year 2025. The record date to determine the shareholders eligible for the dividend payout has been fixed as May 28. This final dividend, if declared, will be paid between July 28 and July 31 to those members who are entitled.
Together, with the interim dividend of Rs 6.5 declared by the board on Feb. 12, the total dividend for the financial year 2025 would be Rs 14.35 per share.
In comparison, the company had issued an interim dividend of Rs 6.25 apiece on Feb. 8, 2024, and a final dividend of Rs 7.50 on June 4, 2024.
Given India's T+1 settlement cycle, shares purchased on the record date (May 28 in this case) will not be eligible for the dividend payment. Therefore, investors who own shares by May 27 will be the beneficiaries.
ITC Ltd.'s profit, excluding the one-time exceptional gains, rose only marginally in the fourth quarter of financial year 2025. The standalone profit from continued operations of India's largest cigarette maker came in at Rs 4,874 crore in the quarter ended March, up 0.8% as against Rs 4,837 crore a year ago.
During the quarter under review, ITC logged an exceptional gain of Rs 15,179 crore from the sale of its hotels business. This takes its overall net profit to Rs 19,561 crore, marking a 290% surge year-on-year.
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