Dividend Stocks today (April 21): Nestle India go ex-dividend

Nestle India dividend 2023 record date: The Maggi instant noodles maker announced an interim dividend of Rs 27 per equity share with a face value of Rs 10, i.e., a 270 per cent dividend and a final dividend of Rs 75 per equity share, i.e., 750 per cent for the financial year ended 31st December 2022.

Nestle India dividend 2023 record date: Nestle India has also fixed April 21, Friday as the record date for the dividend. Image: Reuters

Nestle India dividend 2023 record date, Dividend Stocks today, Nestle India ex-dividend date 2023: Shares of FMCG major Nestle India traded ex-dividend today, April 21. The Maggi instant noodles maker announced an interim dividend of Rs 27 per equity share with a face value of Rs 10, i.e., a 270 per cent dividend and a final dividend of Rs 75 per equity share, i.e., 750 per cent for the financial year ended 31st December 2022.

Nestle India's regulator filing read, "Confirmed payment of two interim Dividends aggregating to Rs.145/- per equity share for the financial year 2022 and declared a final dividend of Rs 75 per equity share for the financial year ended 31st December 2022."

Nestle India dividend 2023 record date

Nestle India has also fixed April 21, Friday as the record date for the dividend.

What is a record date and what does it imply?

A record date is a date that determines the shareholder's eligibility to receive the benefit of a corporate action such as a payout.

Nestle India dividend payment date 2023

The dividend amount will be credited directly into the shareholders' bank account linked to their Demat account on the payment date. The company will pay out dividend on and from May 8.

"Interim Dividend for the year 2023 will be paid on and from 8th May along-with the final dividend for the year 2022," the company's filing said.