FMCG major ITC Ltd. is set to disburse its interim dividend of Rs 6.50 per share between Mar. 6 and Mar. 8 for the financial year ending March 31, 2024, to eligible shareholders. The company posted its earnings for the quarter and nine months ending Dec. 31, 2024, on Feb. 6, and declared an interim dividend of Rs 6.5 per share. This means that the company will pay an interim dividend of 650% on each stock of Rs 1 face value.
The corporate action will see the company pay 8,132.6 crore to shareholders.
Who Is Eligible For ITC Dividend?
According to its corporate filing, the Kolkata-based cigarette-to-hotels conglomerate had set Feb. 12, 2025 as the record date for the dividend. Shareholders who own the shares of ITC on the said date will receive the payout between Mar. 6 and Mar. 8.
Based on the T+1 trade settlement system, shareholders who purchased the ITC shares on or before Feb. 11 must have gotten the shares credited into the account on Feb. 12, making them eligible for dividend payout.
ITC Q3 Results
In its financial statement, ITC reported a marginal year-on-year rise of 1.18% in its standalone net profit in the December quarter. The company posted a profit of Rs 5,638.3 crore in Q3 in comparison to Rs 5,572.1 crore in the year-ago period. Revenues grew 8.45% YoY to Rs 18,290.2 crore versus Rs 16,864.3 crore in Q3 of the last financial year. Ebitda gained marginally by 1.55% YoY to Rs 5,828.4 crore versus Rs 5,739.4 crore. Margins narrowed 216 basis points to 31.86% versus 34.03%.
Shares of ITC Ltd. rose over a percent to touch an intraday high of Rs 399 apiece on the NSE. The stock was seen trading 0.57% higher at Rs 397.25 at around 2:10 pm.
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