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ITC shares go ex-dividend!

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.

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