ITC final dividend 2026: Rs 8, record date May 27 details

What ITC’s board announced

ITC’s board of directors, in a meeting held on 21 May 2026, recommended a final dividend of Rs 8 per ordinary share of Re 1 each for the financial year ended 31 March 2026. The final dividend recommendation is subject to shareholder approval at the company’s ensuing 115th Annual General Meeting (AGM). If members declare the dividend at the AGM, the company said the payout will be made within a specified window. The announcement also clarifies the operational timeline investors typically look for, including the record date that determines shareholder eligibility. For dividend-focused shareholders, the record date and the likely payment window are the two immediate checkpoints after a board recommendation.

Key dates: record date and payment window

ITC fixed Wednesday, 27 May 2026 as the record date for determining entitlement for the final dividend. Investors whose names appear in the company’s register of members (or as beneficial owners in depositories) as of the record date are typically treated as eligible, subject to applicable rules. The company further stated that, if declared, the dividend would be paid between Friday, 24 July 2026 and Wednesday, 29 July 2026. This gives a clear timeline between record date and the dispatch of dividend payments. Such windows matter for investors tracking cash flow expectations and for those reconciling dividend income over specific periods.

How the FY26 dividend adds up

The final dividend of Rs 8 per share is not the only dividend ITC indicated for the year. The company’s filing states this final dividend is in addition to an interim dividend of Rs 6.50 per share that the board declared on 29 January 2026. That interim dividend was paid to members on 27 February 2026. If shareholders approve the final dividend, ITC’s total dividend for the financial year ended 31 March 2026 would be Rs 14.50 per ordinary share of Re 1 each. This total figure provides the most complete summary of what shareholders would receive for FY26, combining both interim and final payouts.

Dividend timeline for FY26

The FY26 sequence in ITC’s communication is straightforward. First, the board approved and paid an interim dividend during the year. Next, the board recommended a final dividend after the year-end, subject to member approval at the AGM. Finally, the company provided a payment window for the final dividend if it is declared. For investors, this structure is useful because it separates what has already been paid (the interim dividend) from what is still conditional on shareholder approval (the final dividend).

Snapshot table: FY26 dividend details

How FY26 compares with prior years mentioned

The provided material also references ITC’s dividend history for earlier financial years, offering a quick context on the company’s distribution pattern. For FY25, ITC declared a final dividend of Rs 7.85 per share, which brought the FY25 total to Rs 14.35 per share. For FY24, ITC’s board declared a final dividend of Rs 7.5 per share alongside a reported Q4 profit of Rs 5,120 crore, and the total dividend for FY24 was set at Rs 13.75 per share. These figures show that the FY26 total dividend number cited in the filing, Rs 14.50 per share, is higher than the FY25 total mentioned (Rs 14.35) and higher than the FY24 total mentioned (Rs 13.75), based on the data in the material.

Historical dividend dates cited in the material

Apart from FY26, the text includes specific dividend record dates and dividend types for earlier periods. For FY25, the record date for the final dividend of Rs 7.85 is listed as 28 May 2025 in the table. The same set of details includes an interim dividend of Rs 6.50 per share, with a record date of 12 February 2025, and an indicated payment window between March 6 and March 8. For FY24, the table includes a final dividend of Rs 7.5000 per share with a record date of 4 June 2024. For FY 2022-2023, the table lists a final dividend of Rs 6.75 per share and a special dividend of Rs 2.75 per share, both with a record date of 30 May 2023, and the narrative portion mentions the payout window as August 14 to 17 for eligible shareholders.

Market Impact

The immediate market relevance of ITC’s FY26 dividend communication is centered on the timeline and the quantum per share. The final dividend recommendation of Rs 8 per share, combined with the already-paid interim dividend of Rs 6.50 per share, takes the total FY26 dividend to Rs 14.50 per share if approved by shareholders. The record date of 27 May 2026 sets a clear eligibility cut-off for shareholders tracking dividend entitlement. The company’s stated payment window of 24 July 2026 to 29 July 2026 provides a defined period when cash will be distributed, assuming member approval. In practice, these dates tend to guide trading and settlement planning for investors who hold shares for income and for those who manage portfolios around corporate action calendars.

Analysis: what investors should track next

Two conditions matter most after a board recommends a final dividend. First, the dividend is subject to declaration by members at the AGM, which means shareholders should watch the outcome of the ensuing 115th AGM for confirmation. Second, the record date of 27 May 2026 functions as the cut-off for entitlement, and investors should ensure they understand how record date aligns with their holdings through depository and broker settlement processes. The FY26 total dividend figure of Rs 14.50 per share also gives a consolidated reference point for investors comparing the year’s distribution with prior-year totals mentioned in the material, such as Rs 14.35 for FY25 and Rs 13.75 for FY24.

Conclusion

ITC’s board has recommended a final dividend of Rs 8 per share for FY26, set 27 May 2026 as the record date, and indicated a payment window of 24 July 2026 to 29 July 2026 if shareholders approve it. Along with the interim dividend of Rs 6.50 per share paid on 27 February 2026, the FY26 total dividend would be Rs 14.50 per share. The next formal step is shareholder consideration of the final dividend at the company’s ensuing 115th AGM.