BRVM-listed industrial firm Sicable to pay dividends on May 31
TLDR
- CABC will pay an annual dividend of 79.58 FCFA net per share on May 31, 2024.
- CABC is the 43rd most valuable stock on the BRVM with a market capitalization of 6.22 billion FCFA.
- The stock price closed on Thursday at 1,050 FCFA per share, reflecting a 5% increase from the previous closing price.
Sicable Côte d’Ivoire (CABC) will pay an annual dividend of 79.58 FCFA net per share on May 31, 2024, with an ex-dividend date of May 29, 2024.
Operating in the Electronic & Electrical Equipment industry within the Industrials sector, CABC is the 43rd most valuable stock on the BRVM, boasting a market capitalization of 6.22 billion FCFA ($10.3 million), around 0.076% of the exchange's equity market.
The stock closed on Thursday at 1,050 FCFA per share, marking a 5% increase from its previous closing price of 1,000 FCFA.
Key Takeaways
Sicable started the year with a share price of 1,110 FCFA but has since decreased by 5.41%, ranking it 35th on the BRVM for year-to-date performance. From April 22nd to date, the stock has lost 7% of its value. However, the upcoming dividends may help ease shareholder concerns. Dividends are significant in stock investing as they provide a steady income stream. Companies with strong earnings and stable finances typically offer substantial dividends, benefiting investors through both increased share value over time and regular dividend payouts.
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