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Return on investments: Palm CI will grant 8 billion FCFA in dividends to its shareholders

05/07/2024
Source : ORISHAS-FINANCE
Categories: Economy/Forex

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The Direction Générale de la Bourse Régionale des Valeurs Mobilières (BRVM) announced that the shareholders of Palm Côte d'Ivoire will receive a net annual global dividend of 8.708 billion FCFA on July 26, 2024 for the fiscal year 2023.

Palm Côte d'Ivoire produces and markets crude palm oil. The overall dividend invested to shareholders corresponds to a net dividend per share of 563.306 FCFA against 1,213.6 FCFA in 2022. BRVM officials indicated that as the record closing date is scheduled for Friday, July 26, 2024, the Palm Côte d'Ivoire stock will trade ex-dividend from Wednesday July 24, 2024. Therefore, investors who wish to acquire more shares in this company have until Tuesday, July 23, 2024 to do so. After this period, BRVM managers will cancel all pending stock exchange orders in the trading system

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