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Meet Your Market With Rizzo Farrugia: BOV hits several multi-year highs  

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The trading activity in Bank of Valletta plc shares since the start of 2024 to October 2024 surpassed the €14 million level, which is higher than the annual trading values of each of the past 5 years.

BOV is the most activity traded equity on the local market this year, accounting for almost 30% of all traded value in equities.

Nonetheless, activity remains below the 2017 and 2018 levels when annual trading values surpassed the €20 million figure in both years.

Bank of Valletta plc is the largest company by market capitalization in the Malta Stock Exchange.

Its market value recently climbed to over €1 billion as the share price reached the highest level in over six years.

BOV also holds the largest free float (shares in public hands), which stands at around €650 million and corresponds to 65% of its overall market capitalization.

On 16 October 2024, BOV’s Board of Directors resolved to distribute a net interim dividend of €0.06 per share, which is twice as much as the interim dividend declared in October last year.

Shareholders of BOV as of the close of trading on Friday 8 November 2024 will be entitled to receive the dividend on Wednesday 27 November 2024.

This dividend is BOV’s highest distribution in nearly a decade.

“Meet Your Market” is issued for information purposes only and does not constitute personal investment advice or recommendation.

The information is based on data obtained from sources considered to be reliable, but no representations or guarantees are made with regard to the accuracy of the data.

Investing in securities may result in a loss of some or all of the capital invested.

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