ITC Limited engages in the fast-moving consumer goods, hotels, paperboards and paper, packaging, agri, and information technology (IT) businesses in India and internationally. It primarily offers cigarettes and cigars; staples, spices, biscuits, confectionery and gums, snacks, noodles and pasta, beverages, dairy, ready to eat meals, chocolate, coffee, and frozen foods; personal care products; notebooks, pens and pencils, geometry boxes, erasers, sharpeners, rulers, wax and plastic crayons, sketch pens, and oil pastels; apparel, safety matches; and incense sticks under various brands. The company also operates approximately 113 hotels under the ITC Hotel, WelcomHotel, Fortune, and WelcomHeritage brands; and Kaya Kalp spas. In addition, it offers virgin, recycled, barrier coated, biodegradable barrier, and graphic boards, as well as specialty papers; and packaging products, such as carton board, flexible, tobacco, and green packaging products; and exports feed ingredients, food grains, marine products, processed fruits, coffee products, leaf tobacco products, and spices. Further, the company offers information technology services for the banking, financial services, consumer goods, manufacturing, travel, hospitality, and healthcare industries. Additionally, it provides property infrastructure and estate maintenance; engineering, procurement, and construction management services; project management consultancy services; business consulting, real estate development, and agro-forestry and other related services; manages and operates golf courses; fabricates and assembles machinery for tube filling; cartooning and wrapping services; conveyor solutions; and produces and commercializes seed potato technology products The company was incorporated in 1910 and is headquartered in Kolkata, India.
ITC Dividend Announcement
• ITC announced a semi annually dividend of ₹7.50 per ordinary share which will be made payable on 2024-07-31. Ex dividend date: 2024-06-04
• ITC annual dividend for 2024 was ₹13.75
• ITC annual dividend for 2023 was ₹8.75
• ITC's trailing twelve-month (TTM) dividend yield is 2.88%
• ITC's dividend growth over the last five years (2018-2023) was 11.18% year
• ITC's dividend growth over the last ten years (2013-2023) was 5.24% year
ITC Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-06-04 | ₹7.50 | semi annually | 2024-07-31 |
| 2024-02-08 | ₹6.25 | semi annually | |
| 2023-05-30 | ₹2.75 | semi annually | 2023-08-14 |
| 2023-02-15 | ₹6.00 | semi annually | 2023-03-05 |
| 2022-05-26 | ₹6.25 | semi annually | 2022-07-26 |
| 2022-02-14 | ₹5.25 | semi annually | 2022-03-04 |
| 2021-06-10 | ₹5.75 | semi annually | 2021-08-13 |
| 2021-02-22 | ₹5.00 | semi annually | 2021-03-10 |
| 2020-07-06 | ₹10.15 | semi annually | 2020-09-08 |
| 2019-05-22 | ₹5.75 | semi annually | 2019-07-16 |
| 2018-05-25 | ₹5.15 | semi annually | 2018-07-31 |
| 2017-06-05 | ₹4.75 | semi annually | 2017-07-31 |
| 2016-05-30 | ₹2.00 | semi annually | 2016-07-25 |
| 2015-06-03 | ₹6.25 | semi annually | 2015-08-30 |
| 2014-06-03 | ₹6.00 | semi annually | 2014-07-31 |
| 2013-05-31 | ₹5.25 | semi annually | 2013-07-29 |
ITC Dividend per year
ITC Dividend growth
ITC Dividend Yield
ITC current trailing twelve-month (TTM) dividend yield is 2.88%. Interested in purchasing ITC stock? Use our calculator to estimate your expected dividend yield:
ITC Financial Ratios
P/E ratio29.12
PEG ratio0.34
P/B ratio7.95
ROE27.92%
Payout ratio0.00%
Current ratio3.05
Quick ratio1.85
Cash Ratio0.05
ITC Dividend FAQ
How much is the next ITC dividend?
ITC's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next ITC dividend. The next ITC dividend will be released in February, or May.
When is ITC dividend paid?
ITC pays dividends on a semi annually basis. The specific dates may vary each year but are generally around February, and May. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does ITC pay?
The specific amount of ITC dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find ITC's dividend history.
Does ITC stock pay dividends?
Yes, ITC does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find ITC's dividend history.
How much dividend does ITC pay?
ITC paid ₹13.75 in 2024, ₹8.75 in 2023, ₹11.5 in 2022, ₹10.75 in 2021, and ₹10.15 in 2020.
How often does ITC pay dividends?
ITC typically pays dividends on a semi annually basis. This means that dividends are usually distributed 2 times a year. The specific payout dates may vary each year but generally fall around February, and May.
What is ITC's dividend yield?
The current dividend yield for ITC is 2.88%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate ITC's exact dividend yield.
When does ITC go ex dividend?
ITC's ex-dividend date for the latest dividend was on 2024-06-04. ITC typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next ITC dividend paid?
ITC pays dividends on a semi annually basis, typically around February, or May, but the exact dates can vary each year.
Will ITC increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether ITC will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is ITC dividend per share?
ITC paid ₹13.75 per share in 2024 and ₹8.75 per share in 2023. The amount of dividend per share that ITC pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is ITC a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is ITC a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is ITC a dividend stock?
Yes, ITC is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is ITC a good dividend stock?
Whether ITC is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. ITC has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating ITC as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Other factors to consider when evaluating ITC as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Does ITC pay dividends monthly?
ITC typically pays dividends on a semi annually basis.
Does ITC pay dividends quarterly?
ITC currently pays dividends on a semi annually basis.
Has ITC ever paid a dividend?
Yes, ITC has a history of paying dividends to its shareholders. ITC is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy ITC dividend stocks?
To buy ITC you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy ITC stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
Place an order: Use the brokerage's trading platform to place an order to buy ITC stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does ITC pay dividends 2024?
ITC pays dividends on a semi annually basis. 2024 dividend payments are in 2024-07-31. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will ITC increase its dividend in 2024?
Decisions regarding ITC dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date ITC dividend overview you can look into the above table of dividend history.
How ITC dividend works?
The ITC dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how ITC's dividend process works:
1. Determination of Dividend: ITC's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, ITC publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, ITC distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from ITC are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Determination of Dividend: ITC's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, ITC publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, ITC distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from ITC are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
How are ITC dividends paid?
ITC dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: ITC sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, ITC distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: ITC declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
1. Record Date: ITC sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, ITC distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: ITC declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
How many times does ITC pay dividends?
ITC typically pays dividends on a semi annually basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does ITC pay dividends?
The general pattern is that ITC pays dividends around February, and May. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is ITC dividend safe?
The safety of ITC's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of ITC's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review ITC's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.
To assess the safety of ITC's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review ITC's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.