SocGen Says It Could Boost Dividend Once Basel Rules Clear
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Societe Generale SA said it could have the potential to boost dividends when it has enough clarity on the regulatory framework and the outlook for the economy.
The lender, which currently has a payout ratio of 50% of underlying net income including share buybacks, could offer more to shareholders once the implementation of the current round of Basel committee rules progresses, said William Kadouch-Chassaing, deputy general manager and head of finance in a conference on Thursday.