News

Published: May 9, 2023
Updated: May 9, 2023

ITC to announce Q4FY23 earnings and dividend recommendation on May 18th

ITC, the Kolkata-based diversified conglomerate, is set to declare its earnings for the fourth quarter of FY23 on May 18th, along with a recommendation for dividend payout. The company will announce its financial statements for the period ending March 2023 after market hours on the same day.

ITC dividend history

ITC has a dividend yield of 2.83% for the past 52 weeks, and the latest dividend was declared on February 15th this year, when the company paid shareholders Rs 6 per share as an interim dividend. Prior to that, a dividend of Rs 6.25 was announced on May 28th last year. The company has announced a total dividend of Rs 28.25 on five occasions in the past.

ITC share price

On May 8th, ITC's stock was trading at Rs 432.10 per equity share, up by 0.78% or over Rs 3 on the National Stock Exchange (NSE). The stock had touched an intraday high of Rs 433.45 and a low of Rs 429.35 per share.

Expectations from ITC's Q4FY23 earnings

ITC's earnings for Q4FY23 will be keenly watched by investors and analysts alike, as the company has been impacted by the Covid-19 pandemic in recent quarters. The company's performance in the FMCG and hotel segments, which were severely affected by the pandemic, will be closely monitored. Additionally, the company's strategy to diversify into new businesses will also be under scrutiny.

ITC's Q4FY23 earnings and dividend recommendation announcement on May 18th will be an important event for shareholders and investors. The company's performance in the FMCG and hotel segments, as well as its diversification strategy, will be closely watched.