ITC Ltd on Friday declared an interim dividend of ₹6, together with its December quarter outcomes.
ITC has fastened 15 February, 2023 because the report date for figuring out shareholders eligible for such interim dividend. It will likely be paid out between 3 March 2023 to five March 2023, stated the corporate in its regulatory submitting.
The inventory will flip ex-dividend on 14 February,2023.
“The Board on the stated assembly additionally declared Interim Dividend off 6/- per Extraordinary Share off Rs1- every for the monetary yr ending on 31 st March, 2023; such Dividend can be paid between Friday, third March, 2023 and Sunday, fifth March, 2023 to these Members entitled thereto,” stated the corporate in its submitting.
“The Board has fastened Wednesday, 15 th February, 2023 because the File Date for the aim of figuring out entitlement of the Members for such Interim Dividend,” the submitting added.
ITC has declared an fairness dividend amounting to ₹11.5 per share previously one yr. On the present share value of this leads to a dividend yield of three.02 per cent.
ITC Ltd on Friday reported 21 per cent rise in internet revenue to ₹5,031.01 crore for the December 2022 quarter, towards a internet revenue of ₹4156.2 crore for the yr in the past interval.
The income from operations rose by 2.3 per cent to ₹16225.1 crore from ₹15862 crore within the corresponding quarter final fiscal.
On a consolidated foundation, the revenue stood at ₹5006.65 crore.
Phase smart, the FMCG-cigarettes income grew 16.7 2percent to ₹7288 crore from ₹6244.11 within the yr in the past interval, whereas from motels, the income grew by 50.48 per cent to ₹712.39 crore from ₹473.39 within the corresponding quarter final fiscal.
5 vital issues to notice for dividend:
1. Declaration date: On this present day, the board of administrators of the corporate approves the dividend price per fairness share.
2. File date: This date can be proposed by the corporate’s board to establish the names of eligible shareholders for dividend advantages. All of the shareholders whose identify seems within the firm’s record by the tip of the report date can be eligible to obtain dividends. Normally, a minimal hole of 5 clear working days is required between the declaration date and the report date.
3.Cum Dividend Date: That is the final date to purchase shares to be eligible to obtain a dividend. This date is in the future previous to the ex-dividend date and two days earlier than the report date.
4. Ex-dividend date: Today the worth of the fairness shares of an organization will get adjusted for the dividend payout. It’s one working day earlier than the report date.
5. Cost date: This date is the precise day when a listed firm completes its dividend payout to eligible shareholders. The fee of dividends is often accomplished inside 30 days of its approval.
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Supply: Live Mint