BLC Announced Dividend Distribution

After its Annual Ordinary General Assembly, held on the 12th of May 2015, BLC Bank declared dividend distribution as follows: $7/share for holders of preferred shares classes “A” and “B”, $6.75/shares for class “C” holders, and LBP130/common share subject to the Approval of Banque du Liban (BdL).

After deducting the 5% distribution tax, dividends amount to $6.65/share for holders of preferred shares classes “A” and “B”, $6.41/preferred share class “C”, and LBP 123.5/listed share.

Worth noting that 13th of May would be the ex-dividend date, 15th of May the record date, and 16th of May dividend payment date for preferred shares classes “A”, “B” and “C”. Concerning BLC listed shares; dividend payment date would be 5 business days after the date of BdL Approval.

 

Dividends per Share

 Gross DividendNet Dividend
BLC Listed ( after BdL Approval)LBP 130LBP 123.5
BLC Preferred “A”$7$6.65
BLC Preferred “B”$7$6.65
BLC Preferred “C”$6.75$6.41

Source: BSE News

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