On the 28th of May 2018, the ordinary general assembly of Bank BEMO decided to distribute dividends for the year 2017, with a total of LBP 9,792M ($6.5M), as follows:
- For holders of BEMO Preferred 2013 shares, the gross dividend per share amounts to $7, the equivalent of $6.30 net of 10% dividend distribution tax
- For holders of BEMO Listed shares, the gross dividend per share amounts to LBP 100 ($0.07) or LBP 90 ($0.06) net of the 10% dividend distribution tax
Dividend payments shall be made through Midclear starting the 12th of June 2018 to shareholders’ whose names appear on the company’s register on the 4th of June 2018 (Record Date).
Moreover, the Beirut Stock Exchange announces that starting from Thursday the 31st of May 2018, BEMO shares trade ex-dividend.
Performance of BEMO Bank’s Listed Shares ($)
Source: Reuters, Beirut Stock Exchange