Société Générale Société anonyme (OTCMKTS:SCGLY) Reaches New 52-Week High Following Dividend Announcement

Shares of Société Générale Société anonyme (OTCMKTS:SCGLY - Get Free Report) 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. Stockholders of record on Friday, May 23rd will be issued a dividend of $0.1797 per share. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a dividend yield of 1.62%. Société Générale Société anonyme's payout ratio is 12.40%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on SCGLY shares. Barclays upgraded shares of Société Générale Société anonyme from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 27th. Kepler Capital Markets downgraded Société Générale Société anonyme from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 2nd. Finally, UBS Group lowered Société Générale Société anonyme from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Four analysts have rated the stock with a hold rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy".

Société Générale Société anonyme Stock Down 2.3%

The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 3.61. The business's fifty day moving average price is $9.62 and its 200 day moving average price is $7.65. The company has a market capitalization of $43.01 billion, a P/E ratio of 10.75, a P/E/G ratio of 0.26 and a beta of 1.04.

Société Générale Société anonyme (OTCMKTS:SCGLY - Get Free Report) last announced its earnings results on Wednesday, April 30th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.04. The business had revenue of $7.45 billion during 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%. As a group, equities research 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.