The Ordinary General Assembly meeting held on Tuesday the 3rd of July 2018 decided to distribute the dividends of 2017 as of the 30th of July at a rate of LBP 3,870 ($2.56) net per share (a dividend yield of 16.89%) , as follows:
- Shareholders will receive their dividends through “MIDCLEAR”.
- The record date of the beneficiaries is on the 23rd of July 2018 and the Ex-dividend date is on the 19th of July 2018.
- In order to receive their dividends, shareholders should exchange their shares for nominal shares as of the 3rd of November 2018.
To note that:
Holcim’s profit declined from $49.22M by end of 2016 to $43.29M by end of 2017(a yearly decrease of 12.04%).
Furthermore, 41% of its profits are destined to be distributed as dividends.
HOLCIM Share Price on the Beirut Stock Exchange($)
Source: Reuters, Beirut Stock Exchange