nippon life: Nippon Life announces Rs 4 per share interim dividend – Blue Barrows

has on Wednesday announced an interim dividend of Rs 4 per equity share. The record date has been fixed on November 2.

Also, those holding the shares of Nippon Life India as on the record date will be paid the dividend on and from November 15, the company said in its filing with the exchanges.

The company has declared 10 dividends since January 18, Trendlyne data showed. In FY2022, it announced a total dividend of 110%, equating to Rs 11 per share.This at the current share price of Rs 265.2 results in a dividend yield of over 4%. The company had last declared a final dividend of Rs 7.5 per share.

Nippon Life (NAM India) is a midcap asset management company. It is the asset manager of Nippon India Mutual Fund. Nippon Life Insurance Company is the promoter of NAM India and currently holds 73.74% (as on June 30) of its total issued and paid-up equity share capital.