Nestlé Nigeria PLC in a note to the Nigerian Exchange Limited on Tuesday announced plans to pay an interim dividend of N25 per share, translating to N19.8 billion to shareholders.
According to the note by the food company, the dividend will be paid on December 6, electronically to the shareholders whose names appear on the register of members as of November 19, and who have completed the e-dividend registration and mandated the registrar to pay theirs directly into their bank accounts.
It added that the dividend is subject to appropriate withholding tax and will be paid to the shareholders whose names appear on the register of members as at close of business on November 19, 2021.
The Swiss- based food company and manufacturer of consumer goods recorded a 23 per cent growth in revenue to N261.6 billion and a profit rise of 5.2 per cent to N33.6 billion in the nine-month period to September.
Nestlè also noted that register of shareholders will be closed on November 22, ahead of the dividend payment on November 26.
Investors desiring to benefit from incentives must own Nestlè shares ahead of the qualification date which is November 19.
Nestlé closed trade in Lagos on Monday at N1400 per unit, recording no change.