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Shares of Nestle S.A. surged by 6% on Thursday after the company revealed that its board proposed increasing the dividend per share to 3.05 Swiss francs.
Additionally, Nestle's organic sales growth in 2024 stood at 2.2%, beating analysts' projections. However, its net profit dropped by 2.9% compared to the previous year, landing at 10.9 billion Swiss francs, while basic earnings per share declined by 1% to 4.19 Swiss francs.