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UPDATE: Bank of Georgia increases total dividend for 2023 by 4.6%

Mon, 13th May 2024 14:27

(Alliance News) - Bank of Georgia Group PLC on Monday confirmed its proposed final dividend for 2023.

The Tbilisi, Georgia-based lender proposed a final dividend of GEL4.94, approximately GBP1.47, per ordinary share.

This will bring the total dividend for the year to GEL8.00 per share, representing a 4.6% increase from GEL7.65 paid in 2022.

The dividend remains subject to approval by shareholders at the upcoming annual general meeting on June 17.

Bank of Georgia shares were down 0.7% to 4,905.00 pence each in London on Monday afternoon.

By Elijah Dale, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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