Last year when I wrote about ITC, I mentioned that there are die hard fans of ITC who are waiting for its resurrection some day. I think that day is here. Since Feb-2022, ITC has consistently moved up and as of today it is beating Nifty 50 Index after five years.
ITC continues to give great dividend returns with the latest dividend yield at cost for me at 2.8%.
Investment through the years
Like Asian Paints, I did not continue investing in ITC after my first investment. That was a bad decision. 83% of my total investment in ITC has been made in last three years so I am still a long way to consider myself as a long term investor.