date:Aug 09, 2013
d Nestle wanted to go on increasing its dividend in absolute terms every year.
Nestle shares are trading at 17.7 times forward earnings, at a discount to Danone at 18.5 times, Unilever at 18.1 times and Kraft Foods at 18.6 times.
The company on Wednesday escaped a fine for price-fixing by milk-powder producers as it cooperated with authorities and cut prices of its products.