The market seems to be more cautious for Nestlé Côte d'Ivoire at the beginning of 2022. Investors who bought Nestlé CI shares in January 2021 can now enjoy a capital gain of more than 1300%, and the 14% yield per share is still attractive this year.

With a value up +1340%, Nestlé CI has started 2022 on a less frantic pace, according to Agence Ecofin. Between January 1 and April 15, its share price rose by "only" 43%. This is less than the 74% increase achieved over the same period in 2021. Several elements help to understand this situation. The company announced revenues of CFAF 195 billion, up 13.7%.

However, the net profit of 21.3 billion FCFA, even if it represents a new record since 2017, is only up 1.76% compared to the year 2020. Also, when declared, this profit represented 1.5 times the company's stock market value and the Nestlé CI board of directors had proposed a dividend of 856.8 FCFA. The proposed dividend of 951.5 FCFA for the year 2021 is the highest since 2016.