Nestle Nigeria declares N35.50 dividend to shareholders

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The directors of Nestle Nigeria Plc in the published Full Year financial report for 2020 have proposed a final dividend of N35.50 to its shareholders, subject to approval at the Annual General Meeting.

This in addition to the interim dividend of N25 that has been already paid to shareholders in the first half of the year 2020.

Nestle Nigeria reported a turnover of N287.084 billion for the 12 months period in 2020, up by 1.07% from N284.035 billion.

Profit after tax of N39.21 billion was achieved by the firm, down by 14.17% from the post-tax profit of N45.68 billion reported the previous year.

Nestle ups shareholding in Nigerian unit, acquires additional 105,000 shares
Earnings per share of Nestle for the period under review dropped by 14.17% to N49.47 from the EPS of N57.63 achieved in 2019.

At the share price of N1, 450, the P.E ratio of Nestle Nigeria Plc stands at 29.31x with an earnings yield of 3.41%.

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