Société Générale Société anonyme (OTCMKTS:SCGLY) Hits New 1-Year High Following Dividend Announcement

Société Générale Société anonyme (OTCMKTS:SCGLY)’s share price reached a new 52-week high on Wednesday following a dividend announcement from the company. The stock traded as high as $11.34 and last traded at $11.25, with a volume of 338258 shares changing hands. The stock had previously closed at $11.12.

The newly announced dividend which will be paid on Thursday, June 12th. Investors of record on Friday, May 23rd will be issued a $0.1797 dividend. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a yield of 1.62%. Société Générale Société anonyme’s dividend payout ratio is presently 12.40%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SCGLY. Kepler Capital Markets cut shares of Société Générale Société anonyme from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 2nd. Barclays raised shares of Société Générale Société anonyme from a “hold” rating to a “strong-buy” rating in a report on Monday, January 27th. Finally, UBS Group cut shares of Société Générale Société anonyme from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 8th. Four investment analysts have rated the stock with a hold rating and two have given a strong buy rating to the stock. According to MarketBeat, Société Générale Société anonyme currently has a consensus rating of “Moderate Buy”.

Société Générale Société anonyme Stock Down 0.5%

The company has a market capitalization of $44.78 billion, a price-to-earnings ratio of 11.19, a PEG ratio of 0.26 and a beta of 1.04. The stock’s fifty day simple moving average is $9.53 and its two-hundred day simple moving average is $7.52. The company has a debt-to-equity ratio of 3.61, a current ratio of 1.35 and a quick ratio of 1.35.

Société Générale Société anonyme (OTCMKTS:SCGLY) last issued its earnings results on Wednesday, April 30th. The financial services provider reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. The company had revenue of $7.45 billion for the quarter, compared to analysts’ expectations of $7.02 billion. Société Générale Société anonyme had a net margin of 14.96% and a return on equity of 4.49%. On average, sell-side analysts predict that Société Générale Société anonyme will post 1.14 earnings per share for the current fiscal year.

Société Générale Société anonyme Company Profile

Société Générale Société anonyme provides banking and financial services to individuals, corporates, and institutional clients in Europe and internationally. It operates through French Retail Banking, International Retail Banking & Financial Services, and Global Banking and Investor Solutions. It offers retail banking services, such as consumer credit, vehicle leasing and fleet management, online banking, wealth management, and equipment and vendor finance services; and insurance products, including home, vehicle, family, health, and mortgage insurance.