ITC fixes dividend payout for shareholders at 80-85% of profit after tax

The company's financial capacity to address any contingencies is also a consideration while declaring surplus cash as dividend

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. This would be applicable in the medium term.
 
According to a company notice on updated dividend distribution policy available on its website, the board may declare interim dividend at its discretion. The final dividend may include special dividend as recommended by the board.
 
The new policy can be amended and reviewed as and when required by the board.
 
However, over the past 10 years, ITC usually hasn’t been paying