Nestle Announces Dividend Hike and Sales Growth

In a surprising turn of events, Nestle S.A. saw its shares surge by an impressive 6% this Thursday. The leap came in the wake of the company's announcement that its board has proposed an increase in the dividend per share to 3.05 Swiss francs.

Financial Performance Overview

Despite a slight dip in net profit by 2.9% compared to the previous year, landing at 10.9 billion Swiss francs, Nestle's organic sales growth in 2024 stood at 2.2%, surpassing analysts' expectations. The basic earnings per share also saw a minor decline of 1%, settling at 4.19 Swiss francs.

Market Reaction

Following the announcement, Nestle's stock experienced a significant boost, climbing by 6.09% at 9:08 am CET, with shares selling for 83.58 Swiss francs.