The Ordinary General Assembly of BEMO Bank’s shareholders convened on May 29, 2015 and approved the distribution of dividends for the year 2014 worth LP 6,793M (or $4.51M). Those dividends will be distributed as follows:
i. Holders of common shares would receive: LP 50, the equivalent of $0.031/share (or a net of $0.126 after the deduction of the 5% applicable tax).
ii. Holders of BEMO preferred shares class 2013: $7/share (or a net of $6.65 after the deduction of the 5% applicable tax).
Worth mentioning that the record date is on June 4, 2015, ex-dividend date is on June2, 2015, while the payment date will be on June 9, 2015.
Allocation of Dividend Distribution for the year 2014
Type of Share | Price/Share |
Common Shares | LP 50 |
| Preferred 2013 Shares | $7 |
Source: BSE