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ITC is Mulling Issue of Bonus Shares!!!

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Friends,

Those of you who invest in stocks and shares might be interested in a news item that ITC - the tobacco giant - is thinking of declaring a bonus in a generous 1:2 ration with an equally generous rate of dividend of Rs 10 per a share of Rs.1 to reward its shareholder in its centenary year.Cheer up ITC shareholders!!!

5 Replies

U
This is a good news for ITC shareholders. Apparently, the company is financially very sound. That is why Bonus shares are contemplated. The dividend payout will also increase in coming years as the bonus shares will also qualify for dividend.
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U
This is a great news for the share holders.

@Chinmoy

I think you are having shares in ITC...
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U
Yes Rakesh I hold its shares and it has an interesting history and you can call it my maiden venture in investment in shares.I bought 16 shares of this company from my friend who got it by way of bonus and today my holding has grown to be 1400.I held it for a long time and all those addition in number is the result of bonus and stock-split.
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U
From 16 to 1400 shares. You are investing a lot on it.. Buying regularly??
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U
As the funds permit but I once again stress the point as has been rightly pointed out by Gulshan that long investors never stand to lose.By the way I have not made any fresh purches of ITC it just grew over a span of 15 years.
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Topic Author

C

chinmoymukherjee

@ceeem

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Created Saturday, 22 May 2010 09:25
Last Updated Tuesday, 30 November -0001 00:00
Replies 0
Views 1.2K
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