Also, those holding Nippon Life India shares as of the record date will receive the dividend on and from November 15, the company said in its filing with the stock exchanges.
The company has declared 10 dividends since Jan. 18, Trendlyne data showed. For fiscal 2022, it announced an overall dividend of 110%, equivalent to Rs. 11 per share. This translates to a dividend yield of over 4% at the current share price of 265.2 rupees. The company had last announced a final dividend of Rs 7.5 per share.
Nippon Life (NAM India) is a mid-cap asset management company. It is the asset manager of the Nippon India Mutual Fund. Nippon Life Insurance Company is the promoter of NAM India and currently holds 73.74% (as of June 30th) of its total issued and paid up share capital.
https://economictimes.indiatimes.com/markets/stocks/news/nippon-life-announces-rs-4/share-interim-dividend/articleshow/94969336.cms nippon life: Nippon Life announces Rs 4 per share interim dividend