BLOM Bank’s dividend yield recorded 6.88%

The Ordinary General Assembly of BLOM Bank’s shareholders s.a.l convened on April 15, 2015 and resolved to (i) approve the Bank’s accounts for the year 2014 and (ii) declare gross distribution of $153.60M as dividend in the following way: to holders of Preferred class 2011: $0.70/share ($0.665/share after 5% tax) and to holders of ordinary shares $0.66/share ($0.63/share after 5% tax)  with corresponding dividend yields at  6.86% and 6.88%, as of April 16,2015.

The agenda for dividend distribution will be as follows i) ordinary shares- record date is on April 22,2015 and payment date on April 23, 2015 ii) Preferred class 2011 shares- record date is on April 22,2015 and payment date April 22, 2015. As a result, the ex-dividend date of the mentioned shares is April 20, 2015.

Allocation of Dividend Distribution

Source: BLOM