Nestle declares N25 interim dividend to shareholders, grows Q3 2021 PAT by 5.16%

Nestle Nigeria Plc on Monday published its third quarter report for the period ended 30 September 2021. The report shows year on year growth in the Company’s top line and bottom line figures.

A turnover of N261.59 billion was reported for the nine months period, up by 22.97% from N212.73 billion reported in Q3 2020.

Profit after tax grew by 5.16% to N33.58 billion from N31.94 billion reported the previous year.

Earnings per share (EPS) of the company increased year on year by 5.16% to N42.37 form the EPS of N40.29.

At the share price of N1405, the PE ratio of Nestle Nigeria stands at 33.16% with earnings yield of 3.02%.

An interim dividend of N25 was declared by the company for the period ended 30 September 2021 and would be paid to shareholders whose name appears on the Register of members as at the close of business on November 19, 2021.

Closure date for the interim dividend is November 22 to November 26, 2021 (both date inclusive)

Payment date of the interim dividend is December 6, 2021.

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