Dividend Policy
BFA — Banco de Fomento Angola has established a dividend policy consistent with Angola’s evolving capital markets framework. As one of the listed companies on BODIVA, BFA’s dividend distributions are subject to CMC disclosure requirements and withholding tax at 10%.
Historical Dividends
Dividend data will be updated following the next annual results announcement. Investors should note that Angolan tax law requires a 10% withholding tax (Imposto sobre Aplicação de Capitais) on dividend payments to both resident and non-resident shareholders.
Dividend Yield Analysis
At the current share price, BFA’s estimated dividend yield positions it competitively relative to other BODIVA-listed securities and alternative fixed-income instruments such as Treasury Bills (BTs) yielding 18-19%.