ITC Dividend 2023: Check record date, ex-date and payment date | ITC Share Price NSE Target

ITC Dividend Record Date 2023: ITC Limited – a cigarette-to-hotel conglomerate – on Friday announced an interim dividend to its shareholders for the financial year 2022-23 (FY23) along with its October-December quarter earnings for the current fiscal.

“The Board of Directors declared Interim Dividend of Rs 6 per Ordinary Share of Rs 1- each for the financial year ending on 31 st March, 2023,” ITC said in its results filing on February 3, 2023.

The company added that Interim Dividend will be paid between Friday, 3rd March, 2023, and Sunday, 5th March, 2023 to those Members entitled thereto.

ITC has “fixed Wednesday, 15th February 2023 as the Record Date for the purpose of determining entitlement of the members for such Interim Dividend.”

What is Record Date and why it’s important?

The determination of record date is required to ascertain who exactly a company's shareholders are as of that date, since shareholders of an actively traded stock are continually changing.

The shareholders of record as of the record date will be entitled to receive the dividend or distribution, declared by the company.

ITC Share Price Target

ITC Q3 Earnings

ITC Ltd on Friday reported a 23.09 per cent increase in consolidated net profit at Rs 5,070.09 crore for the third quarter ended December 2022, helped by growth momentum across its operating segments. It had posted a net profit of Rs 4,118.80 crore in the same quarter a year ago period.

The diversified company’s revenue from operations was up 3.56 per cent to Rs 19,020.65 crore during the quarter under review, as against Rs 18,365.80 crore in the corresponding period of the previous fiscal.

"The company sustained its strong growth momentum across all operating segments during the quarter driven by focus on accelerated digital adoption, customer centricity, execution excellence and agility," ITC said in its earnings statement.