Nestle India gains on third interim dividend payout

The board has announced a third interim dividend of Rs 8/- per equity share for the year 2014

Shares of Nestle India were up nearly 2% after the board of directors of the company announced payout of the third interim dividend for 2014.

The Board of Directors of the Company at its meeting held on December 03, 2014, has declared third interim dividend of Rs. 8.00 (Rupees eight only) per equity share for the year 2014, the commpany said in a release today.

The company has fixed December 09, 2014 as the record date for the purpose of determining entitlement of shareholders to the third interim dividend.

The stock opened at Rs 6,246 and touched a high of Rs 6,325 on the BSE. At 14:20PM, nearly 30,000 shares were traded on the BSE and NSE.