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ITC Dividend Q3FY25: Investors should note that tomorrow, February 12, will be both the ex-date and the record date for the dividend
ITC Dividend 2025: Stock Performance & Record Date Details
ITC Dividend 2025 Record Date: Following the demerger of ITC Hotels and its subsequent listing, ITC has announced an interim dividend for its investors. This dividend declaration was made alongside the company’s Q3 FY2025 quarterly results. ITC has already set the record date and the dividend payment date.
A day ahead of its record date the FMCG giant was seen trading at Rs 424.00, showing a slight decline of 0.75 per cent from the previous day’s closing at around 10:05 AM.
ITC Record Date For Interim Dividend
ITC’s board of directors, in a meeting held earlier last week, approved an interim dividend of Rs 6.50 per share for the financial year 2025. To establish the eligibility criteria for the dividend payout, the board has designated February 12 as the record date.
“We write to advise that the Board of Directors of the Company at the meeting held today i.e., 6th February, 2025, has approved/declared/recommended the following: Declared Interim Dividend of f 6.50 per Ordinary Share of f 1/- each for the financial year ending on 31st March, 2025. Fixed Wednesday, 12th February, 2025 as the Record Date for the purpose of determining entitlement of the Members for such Interim Dividend,” ITC said in an exchange filing.
Last Date to Buy ITC for Dividend
Investors should note that tomorrow, February 12, will be both the ex-date and the record date for the dividend. Therefore, today is the last day to purchase ITC shares if you wish to be eligible for the dividend.
ITC Dividend Ex-Date
Starting February 12, ITC shares will begin trading ex-dividend, in line with the T+1 settlement cycle.
ITC Dividend Payment Date
The dividend will be paid between March 6 and March 8, 2025, with the amount directly credited to the bank accounts of eligible shareholders linked to their Demat accounts.
ITC Dividend History
This interim dividend is the first following the ITC Hotels demerger in January 2025. Prior to the demerger, ITC paid dividends twice in 2024—Rs 7.50 in June and Rs 6.25 in February. In 2023, the company paid Rs 15.50 per share, while in 2022, the dividend was Rs 11.50 per share, each with a face value of Re 1.
ITC Q3 FY2025 Results
For Q3 FY2025, ITC reported a 7.27 per cent decline in its consolidated net profit, which stood at Rs 5,013.16 crore for the December quarter, compared to Rs 5,406.52 crore in the same period last year. This drop was attributed to weaker demand and a sharp rise in input costs. However, the company’s revenue from operations grew by 9.05 per cent, reaching Rs 20,349.96 crore in the December quarter, up from Rs 18,660.37 crore in the previous year’s corresponding period.
Nomura on ITC
The brokerage firm Nomura has maintained its ‘Buy’ rating on ITC, keeping the target price at Rs 575. The firm in its report highlighted the growth in cigarette volumes of the company but also cautioned about the margin pressures across key segments.
ITC Stock Performance
ITC share price today in the early trading hours is trading at 0.17%, but over the past five days, it has dropped 4.6%. The stock is down 3.11% in a month and has lost 12.84% in the last six months. However, on a yearly basis, ITC has provided a 5.96% return.
Disclaimer:Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
