The shareholders of Nestle Nigeria Plc will soon smile to the bank as the Company declared N25 interim dividend to its shareholders for the period ended 30 September 2022.
The Company reported a turnover of N333.47 billion for the 9 months period, up by 27.48% from N261.59 billion reported the previous year.
Profit after tax grew year on year by 19.56% to N40.15 billion from N33.58 billion reported in Q3 2021.
Earnings per share of Nestle stands at N50.66, up by 19.56% from the EPS of N42.37 reported the previous year.
At the share price of N1215, the P/E ratio of Nestle Nigeria stands at 23.99x with earnings yield of 4.17%.
Qualification date for the interim dividend is 18, November 2022.
The Register of Members will be closed from 21 November 2022 to 25 November 2022 (both dates inclusive).
Payment date is on 5th December 2022.