Double Dividend for SFBT Shareholders: A Key Event in the Stock Market This Week

One of the significant events in the stock market this week is the double dividend payment to SFBT shareholders.

Recap: Capital Increase and Free Share Attribution

During the Extraordinary General Meeting on April 24, 2024, a capital increase of 20,625 MTND was approved, to be funded from retained earnings. This operation will be carried out through the attribution of one new free share for every 12 existing shares. The attribution rights will be detached and traded on the stock exchange tomorrow, Tuesday, May 28, 2024. You should adjust the parity in your portfolios accordingly.

Key Dates and Information

• Entitlement Date: January 1, 2023
• Dividend Payment: 0.740 TND per share
• Detachment Date: Friday, May 31, 2024
• Settlement Date: June 4, 2024
• New Shares Trading: May 28, 2024, on the same line as existing shares, which they will be assimilated to from their creation.

SFBT Performance

At the close of the previous session, SFBT was trading at 14,210 TND per share, representing a 14.14% return since the beginning of the year. This is an honorable performance for the first capitalization on the Tunis Stock Exchange.