During the period, Nestlé Nigeria Plc's dividends peaked in 2020, reflecting an approximately 10% increase from the prior year​

Key Takeaways:

  • Nestlé’s dividends increase year after year was highest in 2018 and 2019 at ₦17.83 billion and ₦12.68 billion, respectively.
  • The declared dividends reached a peak of ₦55.49 billion in 2020, while the lowest was recorded at ₦15.06 billion in 2016.
  • In recent years, Nestlé Nigeria Plc has shown a declining trend in declared dividends.
  • Dividends decreased by nearly 14%, 17%, and 28% in 2021, 2022, and 2023, respectively, compared to the previous years.

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.

Source:

Nestlé Nigeria Plc Annual Report, NGX

Period:

2015-2023
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