The Board of Directors of Nestle India Limited held its meeting on 16 February and 20 April 2021. It has declared Interim and final dividend of Rs 25 & Rs 65 respectively per equity share of face value of Rs 2 each, for the year ended December 31, 2020.
Nestle India Limited Quarterly Result
Nestle India reported double-digit domestic growth in the quarter ending March 2021 at 10.2 per cent, while the overall sales grew by 8.9 per cent. The company’s export sales were lower by 12.9 per cent due to lesser exports to affiliates. Nestle India’s revenue from operations in the January-March quarter stood at ₹ 3,611 crore, up 8.6 per cent, compared to Rs 3,325 crore in the year-ago period.
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Nestle India Ltd Ex-Dividend Date
The company in its letter informed the exchanges that it has fixed 29 April 2021 as the Ex-Dividend Date. Consequently, the declared dividend will be paid to those members who hold shares in physical form or in electronic form and whose names appear in the Register of Members of the Company on record date.
To receive dividend, you must have shares in your demat account on record date. Hence, you should buy shares before ex dividend date. Note – If you buy shares on ex-dividend date, you will not be eligible to receive dividend. Bookmark our website for latest and upcoming dividend announced by companies in 2021.
Moreover, here is the copy of statement, the company has sent to the exchanges:
The Board of Directors at their meeting held today declared Final Dividend of Rs. 65/- (Rupees Sixty Five only) per equity share of Rs. 10/- each for the year 2021. The final dividend for the year 2021 will be paid on and from 19th May 2021.
Important Dates
- Company – Nestle India Limited
- Script Name – NESTLEIND (NSE) & 500790 (BSE)
- Dividend Amount – 25 + 65 Rs Per Share
- Dividend Type – Interim + Final
- Ex-Dividend Date – 29 April 2021
- Record Date – 30 April 2021
- Payment Date – On or from 19th May 2021
Also, you can find more information about Nestle India Limited on NSE and Moneycontrol – Nestlé India Limited is the Indian subsidiary of Nestlé (a Swiss multinational company). The company is headquartered in Gurgaon, Haryana and its products include food, beverages, chocolate, and confectioneries.
