Nestlé Côte d'Ivoire experienced a slowdown in June after an increase of 233.3% in May last year. The stock that has attracted investors until now seems to be approaching its equilibrium level on the BRVM

After several sessions up 7% during the month of May, the Nestlé Ivory Coast value paused in June, with a weaker evolution. It slowed its growth during the month of June on the Regional Securities Exchange (BRVM), with an increase of 5.8%. In May, it achieved an increase of 233.3%, its best monthly performance since 2016, according to market data collected by the Ecofin Agency. For investors who acquired the stock in April 2020 and kept it, they increased their bet by 17.14

Despite the downturn, the stock still has room for improvement. For its first dividend in five years, the company planned to distribute 363.3 CFA francs per share. At the current share price, this represents a return of 10%, a level of remuneration that is higher than the market average. The enthusiasm for the stock came after the company announced that it had achieved a net profit of 20.9 billion FCFA ($37.8 million) in 2020, up 700% compared to