IMT NagpurPGDM 2009-2011Dividend Policy: ITC LimitedAssignment 1Date of Submission: 23rd Jan 2010Group: 4Section: DSubmitted By:2009209 Rani Treasa Joseph2009210 Rashmi Kaore2009211 Revati Naik2009212 Richa Mishra2009213 Ridhima Kaur Arora1. INTRODUCTIONITC was incorporated on August 24, 1910 under the name Imperial Tobacco Company of India Limited. Later on because of its multi business portfolio, the company was rechristened ITC Ltd. in 2001. Its turnover is US $ 4.75 billion. It ranks third in pre-tax profit among India's private sector corporations. ITC initially started with the Cigarettes and Leaf Tobacco business, went into Hotels, Paperboards, Packaging and Agri-Exports, and is gaining market share in its nascent businesses of Packaged Foods & Confectionery, Branded Apparel and Greeting Cards. ITC is also gaining a strong hold in the Information Technology sector with its subsidiary ITC Infotech India Ltd.2. OBJECTIVES OF STUDYThe following are the objectives of Study:1. To analyze the Current Dividend Policy of ITC 2. To evaluate the Prospects of future dividend policy.3. To compare ITCs dividend policy with its peers. 3. ANALYSISCompany Performance:Notwithstanding turbulent market conditions, ITC Ltd. delivered a steady performance with Gross Turnover at Rs.23144 crores reflecting a growth of 8.4% over the previous year. This performance was achieved despite the unprecedented increase in excise duties on non-filter cigarettes ...
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