ITC Rewards Shareholders with Biggest Dividend in 5 Years!
ITC Delivers a Bountiful Dividend
ITC, the renowned Indian conglomerate, has announced a substantial dividend payout for the financial year 2024-25, marking the highest dividend in nearly five years. This generous move comes on the heels of the company’s latest quarterly results, which, although showing modest profit growth, still reflect ITC’s strong financial performance.
Two-Part Payout
ITC has declared a final dividend of Rs 7.85 per share, adding to the interim dividend of Rs 6.50 already announced earlier this year. This brings the total dividend payout to a remarkable Rs 14.35 per share for the fiscal year 2024-25. This hefty sum is the highest total dividend ITC has offered since 2020.
Shareholder Approval
The final dividend is subject to approval at ITC’s 114th Annual General Meeting (AGM) scheduled for July 25, 2025. If approved, shareholders can expect to receive this rewarding return on their investment between July 28 and July 31, 2025.
Record Date Set
To determine eligibility for the dividend, ITC has set May 28, 2025, as the record date. Shareholders who hold ITC shares by this date will be entitled to receive the final dividend.
ITC’s Recent Performance
In the January-March quarter (Q4FY25), ITC reported a consolidated net profit of Rs 19,727 crore. However, a significant portion of this profit, Rs 15,179 crore, stemmed from a one-time gain associated with the demerger of ITC Hotels. Without this gain, net profit stood at Rs 4,875 crore, representing a modest 0.8% year-on-year increase.
Revenue-wise, the company achieved Rs 18,494 crore in standalone revenue during Q4FY25, surpassing the Rs 16,907 crore recorded in Q4FY24.
Stock Performance
Following the dividend announcement and Q4 results, ITC’s share price surged by 3% in intraday trading. Over the past month, the stock has gained 1.65%. With a market capitalization of Rs 5.48 lakh crore, ITC remains a prominent player in the Indian stock market, trading within a 52-week range of Rs 528.50 and Rs 390.15.
