Shares of ITC Ltd had been buying and selling 0.7% decrease at ₹264 apiece on the BSE in Thursday’s early offers, because the inventory began buying and selling ex-dividend, forward of the report date for its really helpful dividend for the monetary yr 2021-22.
The FMCG conglomerate has fastened Saturday, twenty eighth Might, 2022 because the Document Date for the aim of figuring out entitlement of the Members for fee of ultimate dividend. The ex-dividend date for shares is mostly one enterprise day previous to the report date.
Together with its Q4FY22 earnings’ launch, ITC stated its board of administrators has really helpful a ultimate dividend of ₹6.25 per extraordinary share of Re 1 every for FY22. Along with the interim dividend of ₹5.25 per share paid on March 4, 2022, the entire dividend for the monetary yr ended 2021-22 quantities to ₹11.50 per share.
The dividend is topic to declaration of the identical by the Members on the 111th Annual Common Assembly (AGM) of the corporate convened for Wednesday, twentieth July, 2022. The ultimate dividend, if declared, shall be paid between Friday, twenty second July, 2022 and Tuesday, twenty sixth July, 2022 to these Members entitled thereto.
The FMCG main posted 12% progress in web revenue to ₹4,195 crore for the January-March interval, in contrast with ₹3,755 crore a yr in the past. The Kolkata-based firm’s income from operations rose 15% to ₹17,754 crore as in opposition to ₹15,404 crore within the final yr interval.
Supply: Live Mint