1,020 per cent dividend announced in this high ROE and high ROCE multibagger stock; do you own it?
The shares of the company have an ROE of 108 per cent and a ROCE of 138 per cent with current EPS of 249.59.
The indices ended the day flat on Thursday; BSE Sensex Index was up 0.06 per cent at a level of 60,431 and NSE Nifty-50 Index was up by 0.088 per cent at a level of 17,828.
On the sectoral front, the indices were trading mixed. BSE FMCG Index was one of the top gaining sectoral indexes, up by 0.20 per cent.
Shares of Nestle (India) Ltd surged 0.14 per cent to Rs 19,473.95 with an intraday high of Rs 19,677.50 and an intraday low of Rs 19,414.50
Recently, Nestle (India) announced an interim dividend of 270 per cent (Rs 27 per share) and a final dividend of 750 per cent (Rs 75 per share) for each equity share having a face value of Rs 10.
The company verified the record date for the interim dividend and final dividend as Friday, April 21, 2023. The company has also maintained a healthy dividend pay-out of 90.8 per cent.
Nestle India Ltd. manufactures brand-name milk products and other food products. Nestle also manufactures Maggi noodles, soups and sauces.
Nestle India is a Large-Cap company also a part of the BSE Sensex Index. The stock gave multibagger returns of 112.54 per cent in 5 years and over 8,674.77 per cent since the stock is listed on BSE (July 14, 2023). The shares of the company have an ROE of 108 per cent and a ROCE of 138 per cent with current EPS of 249.59.
Investors should keep an eye on this FMCG stock.