The Ordinary General Assembly of Byblos Bank’s shareholders S.A.L convened on May 15, 2015 and approved the distribution of LP 161,551M ($107.16M) in gross dividends, constituting 61% of net profit for the year 2014. Dividends will be distributed as follows: (i) Holders of common shares would receive: $0.13/share ($0.126/share after 5% tax) with a dividend yield of 7.43% as of May 15,2015 (ii) Holders of preferred shares classes 2008 and 2009: $8/share ($7.60/share after 5% tax) with both having dividend yields of 7.80% as of May 15, 2015.
Worth mentioning that the record date is on May 20, 2015, ex-dividend date is on May 18, 2015 and the payment date is on May 22, 2015.
Allocation of Dividend Distribution
| Type of Share | $/Share | Gross Dividend Yield as of May 15th |
| Common Shares | $0.13 | 7.43% |
| Prefered 2008 Shares | $8.00 | 7.80% |
| Prefered 2009 Shares | $8.00 | 7.80% |
Source: BSE