Daba: BVAMC companies pay $31m in 2022 dividends. See the highlights!
1 min Read September 15, 2023 at 1:12 PM UTC
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Highlights
- For the 2022 financial year, companies listed on the BVMAC paid a cumulative amount of 19 billion FCFA (around $31 million) in dividends to shareholders.
- BVMAC (La Bourse des valeurs mobilières de l’Afrique centrale) is the regional stock exchange common to the CEMAC (The Economic and Monetary Community of Central Africa) countries.
- Of the six companies listed in the equity compartment, five rewarded their shareholders as follows Bange Bank (4.694 billion FCFA), Socapalm (9.163 billion), Safacam (2.479 billion), La Regionale (1.499 billion) and SCG-Re (981.4 million).
Source: Sika Finance
Our Takeaway
An analysis of the return on equity of these companies reveals that Safacam was the most profitable share on the market with a return rate of close to 8%, far ahead of Socapalm (4.1%), Bange (4.05%), and La Regionale (3.4%). Despite a 40% increase in the distribution of profits compared to the previous year, SCG-Re remains the least profitable stock on the BVMAC with a rate of return of 2.4%. To expand the equity compartment of the regional exchange, around 15 new public companies are expected to be listed in the coming years from five of the CEMAC countries.
This material has been presented for informational and educational purposes only. The views expressed in the articles above are generalized and may not be appropriate for all investors. The information contained in this article should not be construed as, and may not be used in connection with, an offer to sell, or a solicitation of an offer to buy or hold, an interest in any security or investment product. There is no guarantee that past performance will recur or result in a positive outcome. Carefully consider your financial situation, including investment objective, time horizon, risk tolerance, and fees prior to making any investment decisions. No level of diversification or asset allocation can ensure profits or guarantee against losses. Articles do not reflect the views of DABA ADVISORS LLC and do not provide investment advice to Daba’s clients. Daba is not engaged in rendering tax, legal or accounting advice. Please consult a qualified professional for this type of service.
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