Nestle announces final dividend of Rs65 per share for 2021, fixes April 08 as record date

17 Feb 2022 , 01:12 PM

In a board meeting held today, Nestle India board of directors have recommended the final dividend for the year 2021 of Rs 65 per equity shares of Rs 10/- each.

The board fixed the Record Date to determine the entitlement of the members to the Final Dividend for the year 2021, on 8th April 2022.

The Final Dividend for 2021, if approved by the members at 63rd AGM, shall be paid on and from 26th April 2022.

The company announced its financial performance for the last quarter of 2021. Nestle follows a calendar year to announce its earnings.

The company missed streets estimates after posting a net profit of Rs386.6 crore in the quarter under review down by 20% yoy, while revenue jumped 8.9% yoy to Rs3,739.3cr in Q4 of 2021.