Key Takeaways:
The declared dividends of Nestlé Nigeria Plc from 2015 to 2023 demonstrate a fluctuating trend of growth and reduction, mirroring the company’s financial status and the market conditions during these years.
Beginning at ₦21.80 billion in 2015, dividends plummeted to ₦15.06 billion in 2016, marking the lowest distribution in this timeframe. A consistent recovery ensued, with dividends advancing to ₦19.82 billion in 2017 and skyrocketing to ₦37.65 billion in 2018. The upward trajectory persisted into 2019, reaching its zenith in 2020 with an outstanding ₦55.49 billion, the highest dividend declared in nine years.
Starting from 2021, however, a downward trend commenced, resulting in dividends diminishing to ₦47.96 billion in 2021, ₦40.03 billion in 2022, and finally landing at ₦28.93 billion in 2023.
