Nestle India declares interim dividend of Rs25 per share; stock skids ~1%

12 Apr 2022 , 09:22 AM

Nestle India Limited has announced an interim dividend of Rs25 per equity share of Rs10 each for the year 2022 on the entire issued, subscribed, and paid-up share capital of the Company of 9,64, 15,716 equity shares of the nominal value of Rs10 each.

The company will pay the interim dividend for the current fiscal year on May 6, 2022, along with the final dividend for 2021, if approved by the shareholders at the 63rd Annual General Meeting scheduled to be held on April 12, 2022. The dividend will be paid to such members those members whose names appear on the Register of Members of the company.

The company has fixed April 22, 2022, as the record date for such purposes.

Nestle India is currently trading at Rs18,340 down by Rs82.7 or 0.45% from its previous closing of Rs18,422.70 on the BSE. The scrip opened at Rs18,339 and has touched a high and low of Rs18,349.65 and Rs18,277.65 respectively.