Outstanding performance in 2017
BCVs shares turned in an outstanding performance over 2017: the share price rose by 25.8%, climbing from CHF 76.45 to end the year at CHF 96.20. If we take into account the CHF 3.00 ordinary dividend paid out per share in May, the total return for 2017 works out at 29.8%. Returns on the BCVs share have been above average for the banking sector over the past five years.
As of 31 December 2017, 13,725 shareholders were registered on Banque Cantonale du Valais’ books, with 11,635 entered in the share register. The Canton of Valais owns 70.0% of the share capital, individuals (natural persons) 18.0% and legal entities (juristic persons) 1.4%, 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 2017 financial year, the Board of Directors is proposing a dividend payout ratio of 50.25%, resulting in the distribution of a dividend of CHF 3.15 per share.