Capital Markets News in Georgia

Kalkine Media

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Is Lion Finance (LSE:BGEO) Rewarding Holders With a Bigger Payout Today?

Highlights Lion Finance's interim dividend, declared in Georgian lari, is scheduled for payment today. First-half profit and net interest income rose as loan books expanded in Georgia and Armenia. The board also extended its share buyback, running until the next annual general meeting. Tbilisi Lender Pays Out From London Lion Finance Group (LSE:BGEO), the parent of Bank of Georgia and Armenia's Ameriabank, is paying its interim dividend to shareholders today. The payment, declared in Georgian lari and converted for sterling holders, lifts the group's total distribution for the first half comfortably above the level of a year earlier. This update falls within our Dividend Stocks coverage. The payout caps a strong run for the shares, which have climbed markedly this year and now sit among the better performers in the [FTSE 100]. The group went ex-dividend earlier this month alongside several other blue chips, including Prudential (LSE:PRU) and Endeavour Mining (LSE:EDV). Georgian and Armenian Banks Share the Momentum The dividend is underpinned by results that showed higher profit, net interest income and earnings per share in the first half.