The Board of Directors of Nippon Life India Asset Management (NAM-INDIA) held its meeting on April 27, 2021. It has declared Final Dividend of Rs 5 per equity share for the year 2020-21. The Board meeting commenced on 03.00 P.M. and concluded at 04.00 P.M.
Nippon Life India Q4 Result
The company reported a multi-fold rise in its net profit for the quarter-ended March at ₹167 crore against ₹4 crore logged in the same period last year. Further, the total income rose to Rs 362 crore in the quarter under review from Rs 149.56 crore in the year-ago period.
Similar Posts
- SCHAEFFLER India Ltd Declares Dividend of Rs 38
- Tata Investment Corporation Declares Dividend of Rs 24
Nippon Life India Asset Management Dividend Record Date
The company in its letter informed the exchanges that it has fixed 11 June 2021 as the Record 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 11 June 2021.
To receive dividend, you must have shares in your demat account on record date. Hence, you should buy shares before ex-dividend date. Note – In other words, 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:
We wish to inform you that the board of directors of Nippon Life India Asset Management Limited (“Company”) at its meeting held today has recommended a final dividend of Rs. 5/- per Equity Share of Rs. 10/- each for the financial year ended March 31, 2021, for the approval of the shareholders at the ensuing Annual General meeting. With this the total dividend for the financial year 2020-21 would be Rs. 8/-, including the interim dividend of Rs. 3 per equity share distributed in February 2021.
Important Dates
- Company – Nippon Life India Asset Management Ltd
- Script Name – NAM-INDIA (NSE) and 540767 (BSE)
- Dividend Amount – 5 Rs Per Share
- Dividend Type – Final
- Ex-Dividend Date – 10 June 2021
- Record Date – 11 June 2021
- Payment Date – On or after June 29, 2021
Also, you can find more information about Nippon Life India Asset Management Ltd on National Stock Exchange and Moneycontrol – NAM-INDIA Limited is the asset manager of Nippon India Mutual Fund (NIMF). The Company engages in managing mutual funds including exchange traded funds (ETFs); managed accounts, including portfolio management services, alternative investment funds and pension funds; and offshore funds and advisory mandates
