Nestle India Declares 2nd Interim Dividend Of Rs 120 For The Year 2022, Details Inside

Wednesday, 19 Oct'2022, the Board of Directors of Nestle India Ltd. decided to declare a Second Interim Dividend of Rs. 120/- (Rupees One Hundred Twenty Only) per equity share worth Rs. 10/- for the year 2022. This dividend will be paid out on all of the company's issued, subscribed, and paid-up shares, which total 9,64,15,716 equity shares with a nominal value of Rs. 10/-.

The Company in its regulatory filing to BSE has said, "The Board of Directors, at their meeting held today, declared Second Interim Dividend of Rs. 120/- (Rupees One Hundred Twenty Only) per equity share of Rs. 10/- 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 Rs. 10/- each. Second Interim Dividend for the year 2022 will be paid on and from 16th November 2022 to those Members whose names appear in the Register of Members of the Company and as beneficial owners in the Depositories, as on the Record Date fixed for the purpose i.e., 1st November 2022, as intimated vide our letter PKR:GA 48:22 and 49:22 dated 10th October 2022."

NESTLÉ India is a subsidiary of NESTLÉ S.A. of Switzerland. It is a large-cap FMCG sector stock having a market cap of Rs 1,88,408 crore. Nestle India's stock today opened at Rs 19,387.85 per share. At the time of writing, the stock is trading 1.97% up from its previous close at Rs 19,769.75 per share on NSE.

The stock in the past 1 week surged by 5.26%, whereas, it has given 5.04% in the past 1 month. Over the year, the stock gave 1.76% positive return. However, in the past 5 years, it has given a multibagger return of 173.14% to shareholders.