A solid performance in 2018
The BCVs share recorded a solid performance in the financial year 2018. With its increase from CHF 96.20 to CHF 113.00, the share price rose by +17.5%. Taking into account the ordinary dividend of CHF 3.15 per share distributed in May, the performance of the share totalled 20.7% in 2018. Over the past four years, the performance of the BCVs share has been higher than the average of bank shares.
As of 31 December 2018, 13,658 shareholders were registered on Banque Cantonale du Valais’ books. The Canton of Valais owns 70.0% of the share capital, individuals (natural persons) 16.6% and legal entities (juristic persons) 1.9%, with the balance being owned by pension funds, institutional investors, other public-law corporations, etc.
Banque Cantonale du Valais is pursuing a dividend policy geared to the long term, based on its results and offering an attractive return. For the 2018 financial year, the Board of Directors is proposing a dividend payout ratio of 51.85%, resulting in the distribution of a dividend of CHF 3.35 per share.