ITC ex-dividend today: Rs 8 final caps Rs 14.50 FY26 payout, brokerage targets span Rs 325–440

ITC turns ex-dividend May 27 for its Rs 8 final dividend, taking FY26 total to Rs 14.50/share versus Rs 14.35 in FY25; payment lands July 29. Brokerages split: 360 ONE sees Rs 440 on FMCG/agri scale-up while Axis pegs Rs 325 on cigarette tax-hike volume risk into Q1FY27.

— Source publishedWed, 27 May, 2026, 08:21 IST·First seen Wed, 27 May, 2026, 08:27 IST·Source Business Today · Latest

What happened

ITC turns ex-dividend May 27 for Rs 8 final dividend (FY26 total Rs 14.50/share, payout July 29). Brokerages flag cigarette tax-hike volume risk in Q1FY27 but

Key facts

  • Rs 8 final dividend
  • Rs 6.50 interim
  • Rs 14.50 total FY26
  • Rs 14.35 FY25
  • Rs 8,133.11 crore FY25 payout
  • TP Rs 440 (360 ONE)
  • TP Rs 340 (Systematix/Nirmal Bang)
  • TP Rs 399 (Antique)
  • TP Rs 335 (Elara)
  • TP Rs 325 (Axis)

Why this matters

Diverging broker views on FMCG/agri versus cigarette taxation argue for accelerating non-tobacco M&A optionality to harden the re-rating narrative toward the Rs 440 bull case.