Nestle Announces Dividend Hike and Reports 2024 Sales Growth

In an exciting development for investors, Nestle S.A. shares experienced a significant surge, climbing by 6% this Thursday. This leap followed the company's announcement that its board has proposed an increase in the dividend per share to 3.05 Swiss francs, signaling robust financial health and confidence in future growth.

2024 Financial Performance Overview

Despite a challenging year, Nestle reported a 2.2% growth in organic sales for 2024, surpassing analysts' expectations. However, it wasn't all positive news; the company saw a 2.9% decrease in net profit compared to the previous year, totaling 10.9 billion Swiss francs. Additionally, basic earnings per share slightly declined by 1% to 4.19 Swiss francs.

Market Reaction

Reacting to the news, Nestle's stock price jumped by 6.09% at 9:08 am CET, reaching 83.58 Swiss francs. This positive market response underscores the investor community's approval of Nestle's strategic financial decisions and its resilience in navigating the complexities of the global market.