Innodis of Mauritius Rises Most in Month on Dividend Plan

Innodis Ltd. (HWF), Mauritius’s biggest food company by market value, climbed the most in more than a month after announcing a 20 percent increase in its final dividend for fiscal 2012.

The shares climbed 3.1 percent, the most since May 15, to close at 43.80 rupees in Port Louis, the capital, the highest price since May 16.

Innodis will pay a final dividend of 0.9 rupee for the financial year ending June, according to a statement on the Stock Exchange of Mauritius’s website today. It paid a final dividend of 0.75 rupee last year, data compiled by Bloomberg show.

To contact the reporter on this story: Kamlesh Bhuckory in Port Louis at

To contact the editor responsible for this story: Antony Sguazzin at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.