Dividend Season Begins on the BRVM: Key Takeaways and Statistics

Strategic Insights -

The BRVM dividend season has kicked off, with multiple West African listed companies releasing their 2025 dividend proposals. Among the top-yielding stocks are BOA Burkina, BOA Benin, and BOA Mali, with Sonatel announcing the highest nominal dividend at 1,655 XOF per share. The dividend season offers a steady income stream for investors and is a core component of long-term strategies on the BRVM. Investors can buy shares via the Daba app before the ex-dividend dates to qualify for payouts.

Key Takeaways:

  • The BRVM dividend season has begun, with multiple West African listed companies releasing their 2025 dividend proposals.
  • Among the top-yielding stocks are BOA Burkina (BOABF), BOA Benin (BOAB), and BOA Mali (BOAM), with yields ranging from double-digit to near double-digit returns.
  • Sonatel (SNTS) announced the highest nominal dividend at 1,655 XOF per share, while SGCI (SGBC) followed closely with 1,639.44 XOF.
  • Orange Cote d'Ivoire (ORAC) proposed a 660 XOF dividend, translating to a 4.70% yield.
  • Ecobank Cote d'Ivoire (ECOC), PALM CI (PALC), and SAPH (SPHC) are also among key dividend payers.
  • Banks remain the top dividend payers, supported by strong earnings and stable regulatory frameworks.
  • BOA subsidiaries across West Africa continue to deliver double-digit or near double-digit yields, making them popular among income-focused investors.
  • However, yield alone doesn't tell the full story; investors should consider the sustainability of payouts, earnings coverage, and broader financial health of dividend-paying firms.
  • Platforms like Daba provide updated dividend calendars, stock research, and automated alerts to time purchases effectively.
  • Dividends offer a steady income stream for investors and are a core component of long-term strategies on the BRVM.

Statistics:

  • BOA Burkina (BOABF) yield: up to 13.32% (https://www.dabafinance.com/en/capitalmarkets/BOABF)
  • BOA Benin (BOAB) yield: up to 13.24% (https://www.dabafinance.com/en/capitalmarkets/BOAB)
  • BOA Mali (BOAM) yield: up to 12.84% (https://www.dabafinance.com/en/capitalmarkets/BOAM)
  • Sonatel (SNTS) highest nominal dividend: 1,655 XOF per share
  • SGCI (SGBC) nominal dividend: 1,639.44 XOF per share
  • Orange Cote d'Ivoire (ORAC) proposed dividend: 660 XOF
  • Ecobank Cote d'Ivoire (ECOC), PALM CI (PALC), and SAPH (SPHC) among key dividend payers

Sources:

  • (https://dabafinance.docsend.com/view/3m83d7pmt7zvb8bn)
  • (https://dabafinance.com/en/app-link/referral?referralCode=g3aZQft43s)