Azerbaijan's ABB Unveils Dividend Yield Forecasts For 2025 Shares
Date
9/24/2024 5:20:20 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, September 24. The
International bank of Azerbaijan (ABB) anticipates that its
dividend yield will exceed 15 percent next year, Chairman of the
Board of the International Bank of Azerbaijan Abbas Ibrahimov said
during a briefing on the results of the share issuance, Trend reports.
"As of September 1 of this year, ABB reported a net profit of
212 million manat. This year, the dividend yield for the bank's
shareholders reached 15.1 percent, and we expect this figure to
surpass 15 percent next year," the chairman noted.
To note, in total, approximately 50 thousand applications from
more than 33 thousand investors were received for the initial
public offering (IPO).
This resulted in an increase in shareholders from 1,794 to
35,104 people.
The overall demand for ABB shares has risen by 7.8 percent
compared to the previous period.
84 percent of orders for ABB shares were made through digital
channels.
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