Ivorian network operator Orange sets June date for dividend payout
TLDR
- Orange Côte d’Ivoire (ORAC) to pay annual dividend of 780 FCFA per share on June 3, 2024.
- Parent company sees 5.3% revenue increase to 1.016 trillion FCFA in 2023.
- Market capitalization of ORAC stands at 1.73 trillion FCFA, representing 21% of the exchange's equity market.
Telecom giant Orange Côte d’Ivoire (ORAC), the second most valuable stock on the BRVM, will pay its annual dividend on June 3 at 780 FCFA net per share with an ex-dividend date of May 30, 2024.
This comes after its parent company recorded a consolidated revenue of 1.016 trillion FCFA ($1.7 billion) in the financial year ended December 2023, representing a 5.3% annual increase.
The network operator, which was listed in 2022, has a market capitalization of 1.73 trillion FCFA ($2.9 billion), which is about 21% of the entire exchange's equity market. It is a dividend-paying company with a current yield of 7.54%.
Points clés à retenir
Orange closed on Thursday at 11,500 XOF per share, a 0.4% gain from its previous closing price of 11,450 XOF. Starting the year at 10,900 XOF, the stock has appreciated by 5.5%, ranking 21st on the BRVM for year-to-date performance. The parent company addressed challenges throughout the year by revamping offerings, significantly recruiting, modernizing mobile networks, and expanding fiber networks. These efforts led to substantial growth in its mobile, Orange Money, and fixed internet customer bases.
Vous pensez que quelqu'un d'autre devrait voir ça ?
Investir dans cette opportunité et dans d'autres opportunités à travers l'Afrique
Téléchargez l'application daba finance sur votre mobile via
Passer à l'action.
Télécharger l'application
Entrez en partenariat avec nous
Débloquez des opportunités commerciales passionnantes et un potentiel de croissance.
Rejoindre Daba
Devenez membre de notre communauté dynamique et profitez d'avantages exclusifs.
Contactez-nous
Contactez-nous pour toute demande de renseignements, assistance ou collaboration.