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Mauritius Development Trust Rises to 16-Year High on Dividend

June 29 (Bloomberg) -- Mauritius Development Investment Trust Co. rose to its highest intraday level since 1995 after announcing a final dividend for the year through June.

The stock rallied 0.1 rupee, or 1.8 percent, to 5.8 rupees at 11:35 a.m., in Port Louis, the capital.

MDIT, as the company is known, said after market closure yesterday that it will pay a final dividend of 0.21 rupee for the year ending June 30.

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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