ITC (NSE:ITC) Dividend Payout Ratio : 0.00 (As of Dec. 2023)

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What is ITC Dividend Payout Ratio?

ITC's dividend payout ratio for the months ended in Dec. 2023 was 0.00.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of ITC Ltd is 0.79, which seems too high.

The historical rank and industry rank for ITC's Dividend Payout Ratio or its related term are showing as below:

NSE:ITC' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.48 Med: 0.54 Max: 1.51
Current: 0.79

During the past 13 years, the highest Dividend Payout Ratio of ITC was 1.51. The lowest was 0.48. And the median was 0.54.

NSE:ITC's Dividend Payout Ratio is ranked worse than
72.41% of 29 companies
in the Tobacco Products industry
Industry Median: 0.65 vs NSE:ITC: 0.79

As of today (2024-04-28), the Dividend Yield % of ITC is 2.95%.

During the past 13 years, the highest Trailing Annual Dividend Yield of ITC was 7.48%. The lowest was 1.68%. And the median was 2.79%.

ITC's Dividends per Share for the months ended in Dec. 2023 was ₹0.00.

During the past 12 months, ITC's average Dividends Per Share Growth Rate was 10.90% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 28.70% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 25.60% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 16.10% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of ITC was 47.20% per year. The lowest was 5.90% per year. And the median was 19.20% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

ITC Dividend Payout Ratio Historical Data

The historical data trend for ITC's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

ITC Dividend Payout Ratio Chart

ITC Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Dividend Payout Ratio

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0.52

0.48

1.51

0.92

0.80

ITC Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Dividend Payout Ratio	Get a 7-Day Free Trial															-	1.52	1.65	-	-

Competitive Comparison of ITC's Dividend Payout Ratio

For the Tobacco subindustry, ITC's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

ITC's Dividend Payout Ratio Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, ITC's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where ITC's Dividend Payout Ratio falls into.

ITC Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

ITC's Dividend Payout Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Mar. 2023 )	/	EPS without NRI (A: Mar. 2023 )
	=	12.25	/	15.264
	=	0.80

ITC's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	0	/	4.264
	=	0.00

ITC (NSE:ITC) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

ITC Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of ITC's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

ITC (NSE:ITC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » ITC Ltd (NSE:ITC) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

500875:India

Address

37 Jawaharlal Nehru Road, Virginia House, Kolkata, WB, IND, 700 071

Website

https://www.itcportal.com

ITC Ltd is an Indian conglomerate that primarily operates in the consumer goods space, particularly cigarettes. The company operates in four main business segments: Fast Moving Consumer Goods; Hotels; Paperboards, Paper, and Packaging; and Agri-Business. Roughly three-quarters of the company's total revenue comes from the Fast Moving Consumer Goods Business, which is dominated by cigarettes but also includes branded packaged foods, personal care products, and other categories. The company generates the vast majority of its revenue in India.