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Return on investment: BRVM companies announce $1 billion in dividends for 2023

09/07/2024
Source : ORISHAS-FINANCE
Categories: Economy/Forex

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For the title of fiscal year 2023, companies listed on the Abidjan Regional Securities Exchange (BRVM) announced dividends totalling 613.16 billion CFA francs (1 billion dollars).

The dividends that will be paid to shareholders are the highest payout to shareholders in the last four years. This record level of dividends reflects a more general tendency for companies to distribute a greater portion of their net margins. The consolidated net income reached an unprecedented amount of 1,044.12 billion CFA francs (1.72 billion dollars). In addition to the dividends announced, some of which have already been distributed, investors also benefit from capital gains, representing the total changes in the value of companies listed on the BRVM, estimated at 406.1 billion FCFA. This brings the potential gain for investors to more than 1020 billion FCFA

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