ITC shares go ex-dividend!

Last updated: 06 Jul, 2020 | 05:55 pm

ITC shares go ex-dividend!

ITC shares have gone ex-dividend today. Dividend value of ₹10.15 has been adjusted into the current share price. You have {{shares}} shares of ITC, which entitles you to a dividend of ₹{{final_amount}}. ITC has announced that it will pay this dividend amount on 8th September 2020. 

High dividend yield

At  ₹10.15 per share for FY20, the dividend yield works out to more than 5% at the current market price. This comes after ITC had announced a new dividend distribution policy for FY20, wherein it will offer higher dividend payouts of 80-85% net profit compared to the previous three years. The average over last three years was 69%. 

Q4 results update

The overall revenue growth has come in below estimates, down 6.4% on-year to Rs 11,420 crore. However, lower corporate tax aided ITCs Q4 bottom line. Net profit rose 9.1% year-on-year to Rs 3,798 crore in the quarter ended March, beating analysts estimates.

Our VGQM model has a BUY rating on the stock.

Finzoom Investment Advisors Private Limited (Brand Name - INDmoney, INDwealth, IND.app, IND.money, INDsave.com) makes no warranties or representations, express or implied, on products and services offered through the platform. It accepts no liability for any damages or losses, however, caused in connection with the use of, or on the reliance of its advisory or related services.

Past performance is not indicative of future returns. Please consider your specific investment requirements, risk tolerance, goal, time frame, risk and reward balance and the cost associated with the investment before choosing a fund, or designing a portfolio that suits your needs. Performance and returns of any investment portfolio can neither be predicted nor guaranteed.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

Marketing and distribution of various financial products such as loans and deposits are powered by Finzoomers Services Private Limited.

INDmoney, INDwealth, IND.app are brand and product of Finzoom Investment Advisors (P) Limited.

© Finzoom Investment Advisors Private Limited

[SEBI RIA Registration No: INA100012190] [Type of Registration: Non-Individual] [Validity of registration: December 17, 2018-Perpetual] [Address: 616, 6th Floor, Suncity Success Tower, Golf Course Extension Road, Sector – 65, Gurugram, Haryana- 122005] [Principal Officer details: Mr. Gaurav Sharma, Email id: principalofficer@indwealth.in, Contact No. 8800826254] [Corresponding SEBI local office address: Securities and Exchange Board of India, Local Office, First Floor, SCO 127-128, Sector 17C, Chandigarh-160017]

[ARN - 151913] [Platform Partner : BSE (Member code-24801)] [CIN - U67190HR2018PTC073294] [GST No : 06AADCF3538Q1Z8]