Online edition of India's National Newspaper
Friday, Mar 16, 2007
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Online edition of India's National Newspaper Friday, Mar 16, 2007 ePaper |
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MUMBAI: Nestle India on Thursday declared an interim dividend of Rs 6.50 on shares of Rs 10 each (65 per cent) for 2007. The company also declared a third interim dividend of Rs. 1.50 on shares of Rs 10 each (15 per cent) for 2006. The two interim dividends, aggregating Rs. 8 per equity share, would be clubbed and paid together on and from March 29, 2007. Payment of interim dividend for 2006 along with the interim dividend for 2007 would optimise the cost of dividend distribution to the shareholders. In view of the above, the directors would not be recommending any final dividend for 2006. Meanwhile, the board of directors of Sundaram Brake Linings at its meeting held in Chennai on Thursday declared a second interim 50 per cent (Rs. 5 per equity share) for 2006-07. Colgate has announced a second interim dividend of 32.5 per cent for 2006-07 and the record date has been fixed as March 16. Together with the first interim, the aggregate interim payout is 75 per cent.
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