Nestle Announces Dividend Hike, Shares Surge

In a surprising move that delighted investors, Nestle S.A. revealed plans to increase its dividend per share to 3.05 Swiss francs, leading to a 6% surge in its stock price on Thursday.

Despite a slight dip in net profit by 2.9% to 10.9 billion Swiss francs, the company's organic sales growth outperformed expectations, reaching 2.2% in 2024. This growth, coupled with the dividend increase, has painted a positive outlook for Nestle's financial health.

By 9:08 am CET, Nestle's stock had climbed by 6.09%, trading at 83.58 Swiss francs, showcasing the market's optimistic reception to the announcement.