Dividend stock 2025, Feb. 12 -- Shares of ITC dipped over 2% as they traded ex-date and ex-record with respect to the interim dividend on Wednesday, February 12.

The diversified Indian conglomerate, along with its financial results on February 6, announced an interim dividend of Rs.6.50 per ordinary share of Rs.1 each for the financial year 2024-25 (FY25).

The company further fixed Wednesday, February 12, as the record date to determine the members' entitlement for such interim dividend. This means that investors whose names appear on record as on this date will be entitled to receive the dividend.

According to the T+1 settlement rule of the Indian stock exchanges, investors should have bought shares of ITC for their names to appear on...