Nestle India nears record high, up 4% on good Q2 results, dividend bounty

The dividend of Rs 203/equity share includes an interim dividend of Rs 23/equity share for 2019, and a special interim dividend of Rs 180/equity share out of the accumulated profits of FY19

Shares of Nestle India rallied 4 per cent intra-day to Rs 11,912 apiece, in an otherwise weak market, on the BSE on Monday after the company reported a good April-June quarter (Q2CY19) results. The fast moving consumer goods (FMCG) company also declared a dividend of Rs 203 per share, including a special dividend of Rs 180 per share.

The stock was trading close to its record high level of Rs 12,026 touched on July 1, 2019 on the BSE in the intra-day deal.

The dividend of Rs 203 per equity share includes an interim dividend comprising of Rs 23 per