Nestle India declares third interim dividend of Rs 16

Nestle chairman Suresh Narayanan during a PHD Chamber programme in New Delhi. Image Source: IANS

Consumer goods company, Nestle India on Monday said that it has declared its third interim dividend of Rs 16 per equity share for the year 2016.

“… (Nestle India) has declared third interim dividend of Rs.16/- (Rupees sixteen only) per equity share for the year 2016 on the entire issued, subscribed and paid up share capital of the Company of 9,64,15,716 equity shares of the nominal value of Rs. 10/- each,” the company said.

The Board of Directors of the company had its meeting held on early Monday morning, said that the dividend will be paid on and from December 22, 2016 to those members whose names appear on the Register of Members of the Company and as beneficial owners in the Depositories, determined with reference to the Record Date of December 13, 2016.

Shares of the company were trading up 1.47% to Rs 6,330.15 per share on BSE Sensex intraday.