Nestle India announces dividend of Rs 27 per share

12 Apr 2023 , 11:23 AM

Nestle India Limited has informed the exchanges that in their recent meeting, the Board of Directors announced an interim dividend for the year 2023. The dividend amount is Rs 27 per equity share with a face value of Rs 10 each. 

This dividend will be applicable to all the 9,64,15,716 equity shares issued, subscribed, and paid up by the company.

The company will pay the interim dividend for the year 2023, along with the final dividend for the year 2022, provided the members approve it at the 64th Annual General Meeting on April 12, 2023.

The dividend will be paid to members whose names are listed in the company’s Register of Members and are recorded as beneficial owners in the depository’s records on the Record Date fixed for this purpose, which is April 21, 2023.

The dividend payment will commence on May 8, 2023.

In the last 12 months, the company has declared equity dividends aggregating to Rs 210 per share in the FMCG sector. Considering the current share price of Rs 19,525.55, the dividend yield stands at 1.08%.

At around 11.19 AM, Nestle India was trading 0.84% lower at Rs 19,510, against the previous close of Rs 19,674.60 on NSE.

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