Question

Dividend policy of itc company limited

Answer 1

Hope this answer help you and also it make me brainlist

For the year ending March 2019 ITC has declared an equity dividend of 575.00% amounting to Rs 5.75 per share. At the current share price of Rs 246.40 this results in a dividend yield of 2.33%. The company has a good dividend track report and has consistently declared dividends for the last 5 years.

Answer 2

Explanation:

ITC fixes dividend payout for shareholders at 80-85% of profit after tax ITC has decided to offer 80-85 per cent of its profit after tax (PAT) as dividend to

• its shareholders, which will be effective from the current financial year.