Nestle Nigeria declares N35.50 dividend to shareholders

Must Read

- Advertisement -

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%.

- Advertisement -
spot_imgspot_img

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Read Also:  Economic Turmoil Leaves Oil Trapped At $40

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest News

When was the last time you Updated the 4Ps

When was the last time you “Updated the 4Ps”?

Business Managers, Marketing & Comms experts know the import of the Marketing Mix (MM); Brand Managers know that all the elements of the MM...
- Advertisement -
spot_imgspot_img

Latest News

When was the last time you “Updated the 4Ps”?

Business Managers, Marketing & Comms experts know the import of the Marketing Mix (MM); Brand Managers know that all...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -spot_imgspot_img