Nestle India Limited Announces Record Date for 2024 Dividend

News: Nestle India, a renowned player in the Fast-Moving Consumer Goods (FMCG) sector, is all set to reward its shareholders with a dividend for the financial year 2023-24. Let’s dive into the essential information:

Dividend History

Nestle India has consistently prioritized its shareholders. Here’s the recent dividend payout:

1. 700% Dividend: The company has announced a whopping 700% dividend for the shareholders. This translates to ₹7 per equity share.

Record Date

To be eligible for this monetary benefit, mark February 15, 2024, as the record date. On this day, Nestle India will determine which shareholders qualify for the dividend payment.

Payment Date

The third interim dividend for the financial year 2023-24 will be paid on and from March 5, 2024. Shareholders can look forward to receiving their dividends promptly.

Recent Financial Performance

In the quarter ended December 31, 2023, Nestle India reported a 4.38% increase in net profit, reaching ₹655.61 crore. This growth reflects the company’s robust financial health.

Share Price History

Nestle India’s stock has delivered impressive returns:

• 3-Year Returns: 45.94%
• 2-Year Returns: 38.13%

A Taste of History

Nestlé India’s roots trace back to 1959 when it was incorporated in New Delhi. Since then, it has become synonymous with quality, taste, and trust. Nestlé’s commitment to providing nutritious and delicious products has made it a household name across the country.

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Brands We Love

Nestlé India boasts an impressive portfolio of brands that cater to diverse tastes and preferences. Here are some of our favorites:

1. Maggi: The iconic instant noodles that have been a savior during hunger pangs and late-night cravings. Maggi’s simple yet flavorful recipes have won hearts for generations.

2. Nescafé: The aromatic coffee that kickstarts our mornings. Nescafé’s rich blends have become an integral part of our daily routines.

3. KitKat: The crispy wafer chocolate bar that brings a smile to faces of all ages. “Have a break, have a KitKat” – a mantra we live by!

4. Milkmaid: The sweetened condensed milk that transforms ordinary desserts into indulgent delights. From kheer to cakes, Milkmaid adds magic to our culinary creations.

Sustainability and Responsibility

Nestlé India doesn’t just focus on taste; it also prioritizes sustainability. The company is committed to reducing its environmental footprint, promoting responsible sourcing, and supporting local communities.

The Future Ahead

As Nestlé India continues to innovate and adapt to changing consumer needs, we eagerly await what’s next. Perhaps new flavors, healthier options, or exciting collaborations – the possibilities are endless!

Nestlé India isn’t just about food; it’s about nourishing lives. So, the next time you savor a cup of Nescafé or whip up a quick Maggi meal, remember that Nestlé is right there with you, making every bite count.

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FAQs

Q: When is the Record Date for Nestle India Limited’s 2024 dividend?

A: The Record Date for Nestle India Limited’s 2024 dividend is scheduled for February 15th, 2024.

Q: What is the value of the Third Interim Dividend?

A: The Third Interim Dividend for Nestle India Limited amounts to ₹7 per equity share.

Q: How can I stay updated on Nestle India Limited’s financial performance?

A: Investors can stay informed about Nestle India Limited’s financial performance by tracking its dividend stock price and reviewing its financial statements.