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

Société Générale Société anonyme (OTCMKTS:SCGLY - Get Free Report) shares reached a new 52-week high during trading 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. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.1797 per share. This represents a dividend yield of 1.62%. The ex-dividend date is Thursday, May 22nd. Société Générale Société anonyme's dividend payout ratio is 12.40%.

Analysts Set New Price Targets

A number of research firms have weighed in on SCGLY. UBS Group lowered shares of Société Générale Société anonyme from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Barclays upgraded shares of Société Générale Société anonyme from a "hold" rating to a "strong-buy" rating in a report on Monday, January 27th. Finally, Kepler Capital Markets lowered shares of Société Générale Société anonyme from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 2nd. Four investment analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Société Générale Société anonyme has an average rating of "Moderate Buy".

Société Générale Société anonyme Trading Down 2.3%

The company has a debt-to-equity ratio of 3.61, a quick ratio of 1.35 and a current ratio of 1.35. The firm has a market cap of $43.01 billion, a PE ratio of 10.75, a price-to-earnings-growth ratio of 0.26 and a beta of 1.04. The stock has a 50-day simple moving average of $9.57 and a two-hundred day simple moving average of $7.55.

Société Générale Société anonyme (OTCMKTS:SCGLY - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.38 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.04. The firm had revenue of $7.45 billion during the quarter, compared to analyst estimates of $7.02 billion. Société Générale Société anonyme had a net margin of 14.96% and a return on equity of 4.49%. As a group, sell-side analysts anticipate that Société Générale Société anonyme will post 1.14 EPS for the current year.

About Société Générale Société anonyme

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.