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Shares of ITC, a cigarette-to-hotel conglomerate, fell roughly 2% on Wednesday, as the shares traded ex-date and it was the record day for the interim dividend. The stock began slightly lower at Rs 381.7 per share and fell to a day low of Rs 378.65 per share on the BSE today.
Despite today’s decline, the stock is still trading near its all-time high of Rs 388.20 per share, set on February 6, 2023. ITC’s share price was reported at Rs 378.75 per share, down Rs 8 or 2% from Tuesday’s closing price of Rs 386.50 per share, at roughly 09:40 AM on Wednesday.
ITC Interim Dividend
ITC issued an interim dividend to its stockholders earlier this month for the fiscal years 2022–23 (FY23) and set Wednesday, February 15, 2023, as the record date.
“The Board of Directors declared an interim dividend of Rs 6 per ordinary share of Rs 1 each for the financial year ending on March 31, 2023,” ITC stated in its results filing on February 3, 2023. The interim dividend will be paid between March 3 and 5, 2023.
ITC Q3 Result
On February 3, the FMCG giant recorded a more than 23% year-on-year increase in consolidated net profit at Rs 5,070.09 crore for the current fiscal’s December quarter, owing primarily to growth momentum across its operational sectors.
while the company’s income from operations increased by 3.56 percent to Rs 19,020.65 crore in the current fiscal quarter, compared to Rs 18,365.80 crore in the previous fiscal quarter.
