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ITC Share: The country’s big FMCG company ITC shares have seen a boom after the quarterly result. On April 23, ITC Limited’s shares increased by three percent. The company is going to give a good news to its shareholders. Giving gifts to its investors, the company has recommended a final dividend of Rs 7.85 on each stock. Along with this, the company has also announced the date of giving dividend. The dividend of Rs 7.85 per share from ITC is the highest in the last five years. & Nbsp;
Payment will be made by this date
According to exchange filing, ITC board "It has been recommended to give a final dividend of Rs 7.85 on every stock of 1 rupee for the financial year ended on March 31, 2025. Now this dividend is under the approval of members in the 114th annual general meeting (AGM) to be held on July 25. If it is approved by AGM, the dividend will be paid between 28 July to 31 July 2025. & nbsp;
The company is providing a splash dividend
ITC is currently one of the most dividend shares. In February 2025, ITC gave its investors a final dividend of 6.50 percent on every stock. This was the first dividend after the disorder of ITC Hotels.
In 2024, ITC paid dividends to its shareholders on two different occasions- Rs 6.25 in February and Rs 7.50 in June. Earlier ITC gave a dividend of Rs 15.50 in 2023.
In 2022 and 2021, ITC gave a dividend of Rs 11.50 and Rs 10.75 respectively on every stock. On Friday (May 23), ITC shares closed at Rs 436.30 with a jump of about 2.50 percent on BSE.
Some top brokerage houses are still hoping for further boom in its shares. International brokerage firm Goldman Sass has increased the target price to 490 on ITC shares. At the same time, HSBC has given a ‘BUY’ rating to the company’s shares with a target price of Rs 510. & Nbsp;
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