ITC Ltd has established May 27, 2024, as the record date for its final dividend of Rs 8 per equity share [1].

This deadline is critical for investors because it determines eligibility for the payout under the current T+1 settlement cycle. Shareholders must be registered on the company's books by the record date to receive the funds.

Because of the settlement timeline, May 26, 2024, serves as the ex-dividend date [2]. This makes today the final day for investors to purchase ITC shares and remain eligible for the dividend payment [2].

The dividend applies to all demat holders of the Indian fast-moving consumer goods company who hold the stock on the specified date [1], [2]. The company is distributing the funds as part of its final dividend for the 2026 fiscal year [1].

Investors who buy shares after May 26 will not be eligible for this specific payout, as the stock will trade ex-dividend starting Wednesday [2]. The process ensures that only those who held the asset before the record date benefit from the distribution [1].

Market participants on the National Stock Exchange and Bombay Stock Exchange are monitoring the deadline to ensure their portfolios are positioned for the Rs 8 per share benefit [1], [2].

“May 26, 2024, serves as the ex-dividend date”

The use of a T+1 settlement cycle in the Indian market means the gap between the purchase date and the record date has narrowed. For investors, this requires tighter timing to capture dividends, as the window to buy shares before the stock goes ex-dividend is limited to a single trading day prior to the record date.