Despite a drop in its export sales, Total Senegal managed to increase its net profits in the first quarter of 2022. The performance coupled with a generous dividend policy makes the company attractive to investors.
Total Senegal seems to be doing well despite ECOWAS sanctions against Mali, its main export market. On the WAEMU stock exchange, the company even posts a cumulative 29.11% gain between January 2022 to date. It is the best annualized gain recorded in the company’s share value since 2016, according to market data accessed by Ecofin Agency.
In 2021, the value of Total Senegal’s share rose by 10%. This year, the company has resumed its dividend distribution policy with a dividend representing more than 120% of its earnings per share. This comes after its sales were negatively impacted by the inability to supply fuel to Mali. In the first quarter of 2021, export volumes fell by 21%. Sales volumes slightly increased (2%) in Senegal and its revenues rose by 19% (to XOF103.6 billion or US$167 million) notably because of post-pandemic economic recovery.
Total Senegal's activity is closely monitored by the French energy group TotalEnergies, which is its 69.1% shareholder. It is also monitored by up to 6,000 individual and institutional investors that control 30.9% of its shares.
Let’s note that the rise in the company’s value may hit a brake because currently, the company is on a 17-year streak of net profit. Also, dividend yields exceeding 100% of earnings per share may not last forever.
• Global coffee consumption projected to hit a record 169.4 million 60-kg bags in 2025/2026, up from...
• Investors seem to keep focusing on yields, which are high for the moment• New Leadership might see...
• Algeria grants commercial 5G licenses to top three telecom operators: Mobilis, Djezzy, and Ooredoo...
• ECOWAS Bank funds 47.7-km stretch of strategic 700-km road project• Lagos-Calabar highway seen boo...
• IFC teams up with AfDB and Nigeria’s EbonyLife to assess a new fund for African cinema• Sector cou...
As work on the first phase of the Ahmed Sékou Touré International Airport expansion continues, Guinean authorities have announced their intention to move...
• Loulo-Gounkoto mine remains shut as Mali’s administrator seeks to restart it by selling stored gold• Barrick halted operations in January over export...
Hive Coega has officially entered its construction phase, with tenders now out for its core infrastructure. This milestone comes four years after the...
Côte d’Ivoire, the world’s leading cocoa producer, has set an ambitious target: to process 100% of its cocoa crop at the first stage by 2030. While the...
Located about 40 kilometers from Cape Town’s city center, Boulders Beach in Simon’s Town is one of the Cape Peninsula’s most iconic destinations. This...
The Gerewol tradition is a fascinating ritual celebrated by the Bororo Fulani, a nomadic community primarily located in Chad and Niger. This annual...