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Return on investment: SG CI offers a record dividend of 53.48 billion FCF to its shareholders

14/02/2024
Source : ORISHAS FINANCE
Categories: Economy/Forex

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La Société Générale Côte d' Ivoire a annoncé des dividendes record de 53,48 milliards de FCFA to its shareholders. She initiated the shareholder compensation season within the Bourse Régionale des Valeurs Mobilières d'Abidjan

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The sum of 53.48 billion FCF announced by SG CI results in a net dividend of 1547.1 FCFA per share ($2.54), after applying a tax rate of 10% in accordance with Ivorian tax legislation on dividends. The share price closed at 16,100 FCFA last Friday. This equates to a return of 9.61%. So far, this remuneration is the highest offered by the bank, which is majority owned at 71.8% by the French group Société Générale and around 8% by Allianz subsidiaries in West and Central Africa

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