Rs 120 Dividend: FMCG major fixes record date and payment date - check details

Nestle Dividend Record Date 2022, Nestle Dividend Payment Date 2022: Nestle India Limited (NSE: NESTLEIND) on Wednesday declared ainterim dividend of Rs 120 per share for the year 2022. 

"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," the company said in the exchange filing.

Nestle Dividend Amount

The company has announced a dividend of Rs 120 per share for the year 2022.

Nestle Dividend Record Date 2022

In order to determine the entitlement of the investors for the second interim dividend for the year 2022, if any, the record date would be November 1, 2022, the company said.

Nestle Dividend Ex-Date

Nestle dividend ex-date or ex-dividend date has been fixed as October 31. A share trades ex-date usually a business day before the record date. If a person buys a share on/after ex-date, he/she will not be eligible to receive the benefit of the corporate action. To receive dividend, one must purchase the shares al least one business day ahead of ex-date.

Nestle Dividend Payment, Payout Date 2022

According to the exchange filing, Nestle would pay the dividend to the shareholders in the month of November.

"Second interim dividend for the year 2022, in case it is declared, shall be paid on and from 16th November 2022," the company said.