Nestle India declares interim dividend of Rs 16 per share

NEW DELHI: FMCG major Nestle India on Monday declared an interim dividend of Rs 16 per share for 2016.

"The board of directors of the company at its meeting held on December 5, 2016, has declared third interim dividend of Rs 16 per share for 2016 on the entire issued, subscribed and paid-up share capital of the company," Nestle said in a BSE filing.

The third interim dividend will be paid on and from December 22, 2016.

The stock of Nestle was trading 1.74 per cent higher at Rs 6,346.70 on BSE in the morning session.