Nestle to consider recommendation for dividend next week

FMCG major Nestle India today said its board would consider recommendation of final dividend for 2017 during its meeting next week.

"... the board of directors (on February 14) would also consider recommendation of final dividend for the year 2017, if any, for the approval of shareholders at the ensuing annual general meeting of the company," Nestle India said in a regulatory filing.

In December last year, the company declared an interim dividend of Rs 33 per share for 2017.


Nestle shares settled 1.69 per cent lower at Rs 7,012.2 apiece on BSE today.