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For shareholders

 

BCV share price

Cours actuel 108.70
Clôture 107.90
+ bas du jour 107.90
ISIN CH0531751755
Variation 0.80 (+0.74%)
Ouverture 108.60
+ haut du jour 109.10
Marché SIX SX
 

Styles

Payouts to shareholders

 

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

Per share (in CHF)1

3.00

3.10

3.20

3.20

3.20

3.20

3.20

3.30

3.30

3.30

3.50

3.60

3.60

3.70

 

3.80

4,302

 

Return3

9.4%

7.5%

6.5%

7.0%

6.6%

6.6%

5.9%

5.2%

5.1%

4.5%

4.7%

4.6%

3.7%

5.2%

 

4.3%

4,0%

 

Adjusted amounts post stock-split on 28 May 2020

Subject to approval at the 2024 Shareholders’ Meeting

Relative to the period-end share price

 

The BCV share

As decided at its Annual General Meeting, Banque Cantonale Vaudoise, Lausanne, (ticker: BCVN) is carrying out a 10-for-1 stock split on 28 May 2020.

Characteristics

Previous shares

New shares

(as of 28 May 2020)

Number of fully paid-in, registered shares

8,606,190

86,061,900

Par value

CHF 10

CHF 1

Stock exchange listing

SIX Swiss Exchange

SIX Swiss Exchange

Swiss security number

1 525 171

53 175 175

ISIN

CH0015251710

CH0531751755

Ticker symbols

Bloomberg: BCVN

SIX Financial Information: BCVN

Eikon: BCVN.S

Bloomberg: BCVN

SIX Financial Information: BCVN

Eikon: BCVN.S

BCV does not support any American Depositary Receipt (ADR) program and therefore declines all liability in this respect.

Share ownership structure

By type of shareholder

By geographical zone

2024 Annual General Meeting

Banque Cantonale Vaudoise is pleased to announce that its

Annual General Meeting

will be held on Thursday, 25 April 2024 at 4:00pm CET in Lausanne, Switzerland

 

The provisional agenda is as follows:

  1. Opening remarks by the Chair of the Board
  2. Executive Board report by the CEO
  3. Approval of the management report and both parent-company and Group accounts for the 2023 financial year, and approval of the 2023 report on non-financial matters
  4. Appropriation of profit
  5. Approval of the compensation of the Board of Directors and the Executive Board
  6. Approval of the actions of the Board of Directors and the Executive Board
  7. Changes in the Articles of Association
  8. Election to the Board of Directors
  9. Election of the independent proxy
  10. Appointment of the external auditor
  11. Other

A reply card will be sent to shareholders who are listed in the share register as having voting rights. With this card, shareholders may confirm attendance at the Annual General Meeting or appoint a proxy. Only shareholders listed as having voting rights as of 5 April 2024 shall be entitled to vote. They may appoint a proxy of their choice, or the independent proxy to be named in the official invitation.

Shareholders representing shares with an aggregate par value of thirty thousand Swiss francs or more may request that an item of business be entered on the agenda. Any individual motion requiring a vote must be submitted in writing to the Chair of the Board of Directors by 11 March 2024 at the following address: Secrétariat du Conseil d’administration de la BCV, Case postale 300, 1001 Lausanne.

Shareholders may also send any questions they have to the same address.

The official invitation containing the final agenda and the motions of the Board of Directors will be published in French and German in the Swiss press at least 20 days before the date of the Annual General Meeting.

Archives

Dividend

2023 divident payout

At the Annual General Meeting on 25 April 2024, the Board of Directors will submit a proposal to pay an ordinary dividend of CHF 4.30 per share. The dividend will be paid according to the following schedule:

 

Date

Ex-dividend date

29 April 2024

Dividend record date

30 April 2024

Dividend payment

2 May 2024

Analysts

Broker

Analyst

Recommendation

Target price

Last update

Autonomous Research

Stefan Stalmann

SELL

CHF 97.00

8 February 2024

Vontobel

Andreas Venditti

HOLD

CHF 90.00

27 July 2023

Zürcher Kantonalbank 

Ausano Cajrati
Crivelli

HOLD 

17 August 2023

Indexes

SPI, Swiss Performance Index

SPI Extra

SPI ex-SLI

SP Bank

UBS 100 Index


Dow Jones Switzerland Select Dividend 15 index


STOXX® Developed Markets Total Market

STOXX® Developed Markets Total Market ESG-X

STOXX® All Europe 800

STOXX® Europe Sustainability

STOXX® Europe TMI Value

STOXX® Global 3000

STOXX® Switzerland Total Market

STOXX® Europe 600
 


MSCI Switzerland

MSCI World

FAQ

The BCV share

What is BCV's market capitalization?

The market capitalization of a listed company is its share price multiplied by the total number of shares outstanding. BCV's market capitalization was CHF 9.3 billion at 31 December 2023.

Where can I get the BCV share price?

The BCV share price is posted in the "BCV Share" section of our website with a 15-minute delay.

What stock market is BCV listed on?

The BCV share is traded in the Domestic Standard segment of the SIX Swiss Exchange (the Swiss stock market) under ISIN CH0531751755, Swiss security number 53 175 175.

How can I buy BCV shares?

You must have a securities account open with a financial institution to buy BCV shares. You can place your buy order with your financial institution.


Being a BCV shareholder

What rights do I have as a BCV shareholder?
The right to sell your shares: You can sell your BCV shares at any time by placing an order with the financial institution where your shares are held.

The right to a dividend: You will receive any dividends or other distributions approved at BCV’s Annual General Meetings. We intend to pay an ordinary dividend of between CHF 4.30 and CHF 4.70 per share.

The right to receive BCV financial information: You can request to be sent a paper copy of all BCV financial documents, including our annual and interim reports. However, we prefer to issue documents electronically for environmental reasons; electronic versions of our financial reports are available on our website.

Voting rights: You can vote on resolutions proposed at shareholders' meetings such as the Annual General Meeting. To be able to vote, your name must be included in the register of shareholders by the closing date for the corresponding meeting. View a list of upcoming key dates or learn how to be added to the register of shareholders.

How can I become a BCV shareholder?
BCV shares are traded on the Swiss stock market, the SIX Swiss Exchange. You must have a securities account open with a financial institution to buy BCV shares. You can place your buy order with your financial institution.

How can I be added to the register of shareholders?
We keep a register of all persons owning BCV registered shares. To be added to the register, contact the financial institution where your BCV shares are held.


BCV's Annual General Meeting

When is the next Annual General Meeting?

The next Annual General Meeting will be held on Thursday 25 April 2024. Confirmation of the date and venue will be announced in February.

Can I attend the next Annual General Meeting?

You must be a BCV shareholder included in the register of shareholders to be invited to the Annual General Meeting. If your name is in the register, you will be sent an invitation by mail along with instructions for attending the meeting, voting by mail or electronically, or appointing a proxy to vote in your place.


The BCV dividend

What is BCV's dividend policy?

In line with the approach adopted over the last 15 years, the Group has extended its distribution policy for another five years beginning with the 2023 reporting period. We intend to pay an ordinary dividend of CHF 4.30–4.70, barring significant changes in the economic or regulatory environment or in the Bank’s situation.

When should I buy BCV shares to be able to get a dividend?

Dividends and other distributions are typically paid out a few days after the Annual General Meeting. To receive the payouts, you must have bought your BCV shares before the ex-dividend date.


BCV's capital structure

Who are BCV's main shareholders?

As a cantonal bank, BCV is 66.95%-owned by the Canton of Vaud. The remaining 33.05% – the free float – is owned by private-sector shareholders, including Vaud residents (who own around 11%) and institutional investors like pension funds and investment funds. These private-sector investors come from both Switzerland and abroad.

How much shareholders' equity does BCV have?

BCV had CHF 3.9 billion of shareholders' equity at 31 December 2023, for a total capital ratio of 18.0%. Our shareholders' equity consists entirely of tier 1 capital: share capital, retained earnings, and various other reserves.

What is BCV's market capitalization?

The market capitalization of a listed company is its share price multiplied by the total number of shares outstanding. BCV's market capitalization was CHF 9.3 billion at 31 December 2023.

What is the par value of BCV shares?

Our equity capital consists of 86,061,900 shares with a par value of CHF 1 each, for a total value of CHF 86,061,900.


BCV's financial statements

What accounting standards does BCV use?

Our consolidated financial statements are prepared in accordance with the Swiss Federal Act of 8 November 1934 on Banks and Savings Institutions, the corresponding Ordinance of 30 April 2014 and the Swiss Accounting Rules for Banks, Securities Dealers, Financial Groups and Conglomerates of 27 March 2014 (FINMA Circular 2015/1).

How often does BCV publish its financial statements?

We publish interim and full-year financial statements.

Who is BCV's auditor?

PricewaterhouseCoopers SA was appointed as the BCV auditor at the Annual General Meeting on 4 May 2023. Auditors are approved by shareholders for one-year terms, and can serve up to five consecutive terms.


Tax value of BCV shares

Below is the tax value of the BCV share at each year-end:

Date

Tax value

31/12/2023

CHF 108.50

31/12/2022

CHF 88.75

31/12/2021

CHF 70.80

31/12/2020

CHF 96.30 (post 10-for-1 stock split on 28 May 2020)

31/12/2019

CHF 790.00

31/12/2018

CHF 741.00

31/12/2017

CHF 735.00

31/12/2016

CHF 645.00

31/12/2015

CHF 636.50

31/12/2014

CHF 539.00

31/12/2013

CHF 486.50

31/12/2012

CHF 484.75

31/12/2011

CHF 456.25

31/12/2010

CHF 491.00

31/12/2009

CHF 411.00

31/12/2008

CHF 317.75

31/12/2007

CHF 501.00

31/12/2006

CHF 506.11