Nestle Nigeria Plc on Tuesday declared a final dividend of N25.50 to its shareholders for 2021 financial year.
The audited report of the Company for the year ended 31 December 2021 shows year on year growth in the company’s top line and bottom line figures.
A turnover of N351.822 billion for the 12 months period, up by 27.11% from N287.084 billion reported the previous year.
The Company reported a profit after tax of N40.037 billion, up by 2.10% from N39.212 billion reported the previous year.
Earnings per share increased year on year by 2.10% to N50.51 from the EPS of N49.47 achieved the previous year.
At the share price of N1,435, the P/E ratio of Nestle stands at 28.41x with earnings yield of 3.52%.
Qualification date for dividend is May 27, 2022.
The Register of Members will be closed from Monday May 30 to Friday, June 2, 2022 (both dates inclusive).
On 30th June 2022, dividends will be paid electronically to shareholders whose names appear in the Register of Members as at May 27, 2022 and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their bank accounts.