Societe Generale Group (OTCMKTS:SCGLY) to Issue Dividend of $0.11

Key Points

• Societe Generale Group has declared a dividend of $0.11 per share, with payment scheduled for October 24th to shareholders of record on October 7th, indicating a strong yield of 216.0%.
• The company's stock opened at $13.31, with a market capitalization of $52.25 billion and a P/E ratio of 9.44, reflecting its financial stability.
• Analysts have given Societe Generale Group a consensus rating of "Moderate Buy," with recent upgrades by UBS and Barclays indicating positive outlooks on the stock.

Societe Generale Group (OTCMKTS:SCGLY - Get Free Report) declared a dividend on Wednesday, October 1st, investing.com reports. Shareholders of record on Tuesday, October 7th will be paid a dividend of 0.109 per share by the financial services provider on Friday, October 24th. This represents a yield of 216.0%. The ex-dividend date is Monday, October 6th.

Societe Generale Group Trading Down 0.2%

Shares of Societe Generale Group stock opened at $13.31 on Wednesday. Societe Generale Group has a 1 year low of $4.80 and a 1 year high of $14.09. The company has a debt-to-equity ratio of 3.32, a quick ratio of 1.32 and a current ratio of 1.32. The company has a market capitalization of $52.25 billion, a P/E ratio of 9.44, a PEG ratio of 0.39 and a beta of 1.14. The company's fifty day moving average is $13.02 and its two-hundred day moving average is $11.30.

Societe Generale Group (OTCMKTS:SCGLY - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.04. Societe Generale Group had a net margin of 19.31% and a return on equity of 6.03%. The company had revenue of $7.71 billion for the quarter, compared to the consensus estimate of $6.58 billion. Analysts forecast that Societe Generale Group will post 1.14 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SCGLY. Barclays restated an "overweight" rating on shares of Societe Generale Group in a report on Monday, August 4th. UBS Group raised shares of Societe Generale Group from a "neutral" rating to a "buy" rating in a report on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Societe Generale Group has a consensus rating of "Moderate Buy".

About Societe Generale Group

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.

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