Vivo Energy CI Distributes Over 4 Billion FCFA to Shareholders

Vivo Energy Côte d'Ivoire has concluded the 2023 fiscal year with impressive financial performance, distinguishing itself from other companies in the hydrocarbons sector. The company reported a 13% increase in net profit, reaching 4.01 billion FCFA, compared to 3.75 billion FCFA in the previous year.

This financial success has enabled Vivo Energy CI to reward its shareholders for the third consecutive year. Dividends have seen significant growth, rising from 2 billion FCFA in 2021 to 3.71 billion FCFA in 2022, and finally reaching 4.01 billion FCFA by the end of 2023.

Beginning on September 27, 2024, each shareholder will receive a net dividend of 57 FCFA per share. This level of compensation translates to a dividend yield of 6.16%, based on the current stock price of 925 FCFA.

Stock Performance at BRVM

Vivo Energy CI's stock continues its upward trajectory, having closed 2023 with a performance increase of 5.33%. The company is expected to maintain positive momentum throughout 2024, further solidifying its position as a leader in the hydrocarbons industry and a key player in the West African stock market.

Source : Sika Finance