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BRVM: SOGB announced a solid dividend for its 2020 financial year

15/04/2021
Categories: Index/Markets

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The shares of Société des Rubbers de Grand-Beréby (SOGB), an agro-industrial company listed on the WAEMU common financial market (BRVM) are on the rise. The SOGB title can still progress after the announcement of a dividend of 6 billion FCFA.

SOGB has announced that it plans to distribute a dividend of 6 billion FCFA. This decision consolidates the profit margins of its shareholders, and comes on top of a capital gain of more than 64% over 12 months. Good prospects which promise a dynamism on its titles.
According to the calculations of the Ecofin Agency, this will make an average of 277.7 FCFA gross per share, or 250 FCFA net for each title. For investors who invested there on Tuesday, April 13, this represents a dividend yield of 8.7%.

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