Nestlé S.A. (NSRGF) to Issue Dividend of $3.00 on April 24th

Nestlé S.A. (OTCMKTS:NSRGF) declared a dividend on Saturday, April 13th, investing.com reports. Stockholders of record on Tuesday, April 23rd will be paid a dividend of 3.00 per share on Wednesday, April 24th. This represents a dividend yield of 3.18%. The ex-dividend date is Monday, April 22nd.

Nestlé Stock Performance

Shares of Nestlé stock opened at $101.58 on Monday. The stock’s 50-day simple moving average is $106.95 and its 200-day simple moving average is $110.61. Nestlé has a 52 week low of $101.47 and a 52 week high of $132.00.

Institutional Investors Weigh In On Nestlé

A hedge fund recently raised its stake in Nestlé stock. Cullen Capital Management LLC raised its stake in shares of Nestlé S.A. (OTCMKTS:NSRGF) by 4.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,346 shares of the company’s stock after purchasing an additional 3,132 shares during the period. Cullen Capital Management LLC’s holdings in Nestlé were worth $8,457,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 27.22% of the stock is currently owned by hedge funds and other institutional investors.

About Nestlé

Nestlé SA, together with its subsidiaries, operates as a food and beverage company. The company operates through Zone North America; Zone Europe; Zone Asia, Oceania, and Africa; Zone Latin America; Zone Greater China; Nespresso; and Nestlé Health Science segments. It offers baby foods under the Cerelac, Gerber, Nido, and NaturNes brands; bottled water under the Nestlé Pure Life, Perrier, Vittel, Buxton, Erikli, and S.Pellegrino brands; cereals under the Fitness, Nesquik, cheerios, and Lion Cereals brands; and chocolate and confectionery products under the KitKat, Smarties, Aero, Nestlé Les Recettes de l'Atelier, Milkybar, Baci Perugina, Quality Street, and Fitness brands.