Nestle Nigeria Plc declares interim dividend of N25 to be paid to shareholders

Nestle Nig Plc has announced an interim dividend of N25.00k per 50 kobo ordinary share, representing N19.82 billion for the financial period ended September 30, 2021.

This is contained in a notice filed with the Nigerian Exchange Limited (NGX) and signed by the company’s secretary, Bode Ayeku, FCIS.

The interim dividend of 25 naira per share is subject to appropriate withholding tax and approval will be paid on all of the company’s 792,656,252 outstanding shares, taking the total amount to be disbursed as final dividends to N19.82 billion.

Hence, on the 6th of December 2021, the dividend will be paid electronically to the shareholders whose names appear in the Register of Members as at the close of business on November 19, 2021.

In order to facilitate the process, the Register of Shareholders will be closed from 22nd of November to 26th of November, 2021.

Therefore, shareholders are urged to ensure that their names appear on the Company’s Register of Members as at the aforementioned date and shareholders who are yet to complete the e-dividend registration are advised to download the form on the Registrar’s website, complete the form and submit it to the Registrar or their respective banks.

Shareholders are also expected to mandate the Registrar (GTL Registrars Limited) to pay their dividends directly into their bank accounts.

Furthermore, shareholders with dividend warrants and share certificates that have remained unclaimed or are yet to be presented for payment have been advised to contact the registrar.

What you should know:

Nestle Nigeria Plc has reported a 25.71% growth in its Revenue to N90.15 billion for the 2021 Q3 Period. Similarly, bottom-line growth was recorded as net profit appreciated by 17.21% to N11.85 billion. During the period, earnings per share (EPS) grew to N14.95 kobo, advancing by 17.16% YoY.

Nestle Nigeria Plc, as at the time of this report, trades at N1,405.00 per share.

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