Societe General Ghana PLC has announced that the company’s directors will be recommending to the shareholders at the upcoming Annual General Meeting for the payment of a final dividend of GH¢0.114 per share for the 2020 financial year.
Moreover, all shareholders registered in the books of the company at the close of business on Tuesday, 28th September, 2021, will qualify for the final dividend.
In lieu of this, the register of shareholders will be closed from Wednesday, 29th September, 2021, to Thursday, 30th September, 2021 (both dates inclusive).
Payment of Ex-dividend
In view of the foregoing, the ex-dividend date has been set at Friday, 24th September, 2021.
Consequently, an investor purchasing Societe General shares before this date will be entitled to the final dividend, the statement added.
This, however, noted that an investor buying shares on or after Friday, 24th September, 2021, will not be entitled to the final dividend.
Meanwhile, the final dividend, if approved, will be paid on Friday, 26th November, 2021.
In addition, Societe Generale Ghana also announced that the Annual General Meeting of Societe General will be held virtually and streamed live to shareholders on Thursday, 30th September, 2021, at 11 am.
Societe Generale’s Performance on GSE
Societe Generale Ghana (SOGEGH) is the 10th most traded stock on the Ghana Stock Exchange over the past three months (Jun 11 – Sep 9, 2021). SOGEGH has traded a total volume of 286,419 shares valued at GH¢ 266,752 over the period, with an average of 4,546 traded shares per session. A volume high of 46,090 was achieved on August 19, for the same period.
In the intervening time, Societe Generale has a 11.8 percent dividend yield. It also has shares outstanding value of GH¢ 709 million. More so, Societe Generale’s current market capitalization stands at GH¢ 688 million.
However, Societe Generale’s latest trading activity on the Ghana Stock Exchange (GSE) happened on September 7, 2021.
The current share price of Societe Generale Ghana Limited (SOGEGH) is GH¢ 0.97. SOGEGH closed its last trading day (Tuesday, September 7, 2021) at GH¢0.97 per share on the Ghana Stock Exchange (GSE), recording a 2.1 percent gain over its previous closing price of GH¢0.95. Societe Generale began the year with a share price of GH¢0.64 and has since gained 51.6 percent on that price valuation, ranking it fifth on the GSE in terms of year-to-date performance.
However, Societe Generale (SG) Ghana has said it will leverage modern technology based solutions to drive financial inclusion and grow the bank’s market share from the present five per cent to 7.5 per cent in the country by 2022.
Already, the bank has deployed cutting-edge technology to support its product and service offerings to increase its present 200,000 clients under its core market segment to become one of the leading banks in the industry.
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