News: ITC Ltd., a prominent Indian conglomerate, has revealed its dividend strategy for the year 2024. This piece will delve into key dates, dividend specifics, and ITC’s recent stock performance.
Record Date for ITC Dividend 2024
ITC Ltd.’s dividend record date for 2024 is established on February 8, 2024. On this day, the company will ascertain the qualifying shareholders eligible to receive the declared dividends. Investors holding the company’s stock on or prior to the record date will be entitled to the announced dividends.
Payment Date for ITC Dividend 2024
The ITC Dividend for the year 2024 is slated for payment between February 26 and February 28, 2024. During this designated period, the company will distribute the interim dividend of Rs. 6.25 per equity share of Re 1 each to eligible shareholders. Those meeting the criteria established on the record date of February 8, 2024, will qualify to receive the declared dividend within the specified timeframe.
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Stock Performance of ITC
ITC Limited (NSE: ITC) has exhibited a resilient stock performance marked by favorable financial indicators and recent market dynamics. The company’s Q3 financial results revealed a noteworthy 11% surge in net profit, reaching ₹5,572 crore, surpassing market expectations. Despite these robust earnings, the stock witnessed a marginal decline, potentially attributed to concerns regarding subdued volumes.
Investment in ITC Stock
ITC, a diversified conglomerate with a global presence spanning sectors such as FMCG, hotels, and agribusiness, has upheld a steady dividend payout, exemplified by the recent interim dividend of ₹6.25 per share. Although the year-to-date and long-term stock trends remain uncertain, the share price has displayed stability, fluctuating within a daily range of ₹439.50 to ₹443.65.
In summary, ITC Ltd. has set a record date of February 8, 2024, for the 2024 dividends. Qualified shareholders stand to receive an Interim Dividend of 625%, totaling Rs. 6.25 per share, with the payment scheduled between February 26 and February 28, 2024. Despite some volatility, ITC’s recent stock performance has demonstrated resilience. Investors are advised to take these factors into account when assessing their investment decisions.
FAQs
1. When is the record date set for the ITC Dividend in 2024?
The record date for the ITC Dividend 2024 is scheduled for February 8, 2024.
2. By what dates will the ITC Dividend 2024 payment be processed?
The payment for the ITC Dividend 2024 is slated to occur between February 26 and February 28, 2024.
3. How has ITC’s stock performed recently?
Despite occasional fluctuations, ITC has demonstrated resilience in its stock performance.
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