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 kbhuckory@bloomberg.net

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net

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