BOA Burkina Faso to Pay Dividends on April 22 With Over 9% Yield
TLDR
- Bank of Africa Burkina Faso (BRVM: BOABF) will pay an annual dividend of 428 FCFA ($0.72) per share for fiscal year 2024 on April 22, 2025
- The company is currently the 15th most valuable firm on the BRVM with a market capitalization of XOF 190 billion
- The dividend payout represents a continuation of BOA Burkina Faso's commitment to shareholder returns despite regional headwinds
Bank of Africa Burkina Faso (BRVM: BOABF) will pay an annual dividend of 428 FCFA ($0.72) per share for fiscal year 2024 on April 22, 2025, the lender said on the Regional Stock Exchange (BRVM).
BOA Burkina Faso shares (BOABF) will trade ex-dividend starting Thursday, April 17, 2025. The register closing date is set for Tuesday, April 22, 2025. All pending stock exchange orders in the trading system on this date will be canceled.
The company is currently the 15th most valuable firm on the BRVM with a market capitalization of XOF 190 billion, which makes up about 1.75% of the BRVM Stock Exchange equity market. The stock price has gained 42% year to date.
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Key Takeaways
This dividend announcement comes as West African banks show resilience amid regional economic challenges. BOA Burkina Faso, part of the Morocco-based Bank of Africa Group, operates in a market facing security concerns and political transitions. The Bank of Africa Group maintains strong presence across the UEMOA (West African Economic and Monetary Union) zone, with subsidiaries in seven of the eight member countries. The 428 FCFA dividend represents a continuation of BOA Burkina Faso's commitment to shareholder returns despite regional headwinds. The bank has worked to expand digital banking services to reach more customers in a country where banking penetration remains below 25%.
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