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Ministry of Trade and Investment endorses the 2020 Corporate Sustainable Investor Report
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Ministry of Trade and Investment supports CSR-in-Action s Corporate Sustainable Investor Report
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Q1 2021: Equities market dips by 3 04 per cent as investors lose N638bn
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Nestlé shareholders fund falls 36% as firm plans to pay dividend from retained earnings
Nestlé will move N3.963 billion from its 2019 earnings and N4.756 billion from those of 2018, and add them to the N27.347 billion from last year’s profit to fund its dividend plan.
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Nigeria’s biggest food company will dip into the reserve of parts of the profits made in 2019 and 2018 to fund its planned dividend for shareholders as the profit it made last year might not be adequate to meet that purpose and lay up more cash for the future at the same time.
Nestlé hopes to pay shareholders “a final dividend of N35.50 per 50 kobo ordinary share (composed of N24.50 from the after-tax profit for the year ended 31 December 2020, and N5.00 and N6.00 from the after tax retained earnings of the years ended 31 December 2019 and 2018, respectively), the grocery maker said in a statement published by the