Nesttle India, which makes Maggi noodles and among different items, reported an interval profit of Rs 25 for every offer.
“This is to inform you that the Board of Directors at their meeting held today declared an Interim Dividend of ₹25 (Rupees twenty-five only) per equity share of Rs. 10/- each for the year 2022 on the entire issued, subscribed and paid-up share capital of 9,64,15,716 equity shares of the nominal value of Rs. 10/- each,” Nestle said.
The interim dividend for the year 2022 will be paid on and from 6 May along with the final dividend for 2021.
The company has fixed 22 April as record date for the purpose of final dividend for the year 2021 and also the interim dividend for the year 2022.
However, the profit probably won’t be much for investors, given it is one of the most costly stocks on the lookout. The stock finished level at Rs 18,450 on BSE on Monday.
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