Nippon Life India Asset Management shares are approaching a key date for dividend-seeking investors, with October 27, 2026, likely to be the last day to buy the stock to qualify for the ₹9.50-per-share interim dividend. The company has fixed October 28 as the record date, while dividend payments are scheduled to begin on November 5.
Along with its September-quarter results, the company declared its first interim dividend for FY27. The company has followed a practice of issuing two dividends, an interim dividend and a final dividend. In the past 12 months, Nippon Life India Asset Management has declared an equity dividend amounting to ₹21.50 per share.
Investors looking to benefit from this payout must ensure they own the stock before the record date. Under India’s T+1 settlement cycle, shares purchased on or after the record date will not qualify for the dividend.
On October 22, the company reported a 6% decline in its consolidated net profit to ₹324.4 crore for the September quarter, impacted by a one-time exceptional item of ₹96.76 crore pertaining to Securities and Exchange Board of India (SEBI) settlement proceedings.
The decline in profit was attributed to an exceptional item of ₹96.76 crore pertaining to SEBI settlement proceedings, according to the company’s filing.