Wendel : Largely unsurprising CMD leaving open options and question marks… the issue of the dividend, not surprisingly, is prioritised (+20%)
>Main news in the short term: dividend of +20% for 2024, unsurprisingly - We wrote in our report The Big Bang Theory of 20 October 2023 that one of the main challenges for a certain category of family shareholder was the dividend that Wendel-Participations (owning 39% of the capital of Wendel and a majority of the voting rights) was going to receive. From this perspective, the announcement of an increase of c. +20% in the dividend for 2024 (for 2023), or c. € 3.8 est....Wendel is an investment company specializing in acquiring long-term holdings in industrial and services companies. Co.'s activities can be divided into six main divisions. Through Bureau Veritas, Co. provides conformity assessment services and certification. Through Stahl, Co. is engaged in high performance coatings and leather finishing products. Through Saint-Gobain, Co. manufactures, transforms and distributes construction materials. Through Legrand, Co. specializes in electrical and digital building infrastructures. Through Deutsch, Co. provides high-performance connectors. Through Materis, Co. provides specialty chemicals for construction.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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