ITC dividend 2024: FMCG major stock trades ex-date

ITC dividend 2024, ITC dividend 2024 record date, ITC dividend 2024 ex date 2024: Shares of ITC, a cigarette-to-hotel conglomerate, turned ex-dividend today, June 4. The board of FMCG major earlier recommended a final dividend of Rs 7.5 of 750 per cent per equity share of face value of Re 1 each. Notably, the dividend is subject to a declaration of the same by the Members at the ensuing 113th Annual General Meeting ('AGM') convened for Friday, July 26, 2024. The counter closed at Rs 419.85, down 0.71 per cent on NSE. 

FMCG behemoth ITC's regulatory filing dated May 23 read, " Recommended Final Dividend off 7.50 per Ordinary Share off 1/- each for the financial year ended 31st March, 2024, subject to declaration of the same by the Members at the ensuing 113th Annual General Meeting ('AGM')...," the company said in an exchange filing."

ITC dividend 2024 record date

The company has also fixed June 4 as the record date to identify the eligible shareholders for this corporate action. 

"The board has fixed Tuesday, 4th June, 2024 as the Record Date for the purpose of determining entitlement of the Members for payment of Final Dividend referred to in (a) above," it said.

ITC dividend 2024 payment date

According to the exchange filing, if the final dividend is declared it will paid to eligible shareholders between July 29, 2024 and July 31, 2024. "The Final Dividend, if declared, will be paid between Monday, 29th July, 2024 and Wednesday, 31st July, 2024 to those Members entitled thereto," the filing reads.

ITC dividend history

Together with the interim dividend of Rs 6.25 per ordinary share declared by the Board on January 29, 2024, the total dividend for the financial year ending March 31, 2024 would be Rs 13. 75 per ordinary share of Re 1 each. 

ITC Q4 Results: How did it fare in Q4?

The company reported a marginal decline in consolidated net profit at Rs 5,190.71 crore for the fourth quarter ended March 31, 2024. The company had posted a net profit of Rs 5,242.59 crore in the same period previous fiscal, ITC said in a regulatory filing.

Revenue from operations in the fourth quarter was at Rs 19,446.49 crore as against Rs 19,058.29 crore in the year-ago.

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