Byblos Bank Announces 2015’s Dividends

During the Ordinary General Assembly of Byblos Bank S.A.L held on the 26th of April 2016, the distribution of dividends for the year 2015 was agreed upon as follows:

For common shareholders: LBP 200 or $0.13 per share; LBP 190 or $0.126 net of the 5% withholding tax

For Preferred Shareholders:

Class 2008 and 2009: $8 per share; $7.6 net of the 5% withholding tax

The above-mentioned dividends will be paid on or about the 5th of May 2016 after the deduction of the 5% withholding tax. The shareholders that will benefit from the dividends are the ones listed in Midclear’s records as at the 4th of May 2016, the record date.

For GDR holders:

LBP 200 or $0.13 per share paid in US dollars through the depositary bank, The Bank of New York Mellon, after deducting the withholding tax and other expenses starting the 10th of May 2016.

Common Shares Byblos Preferred 2008 Byblos Preferred 2009 GDR Shares
Dividend per share, In USD 0.13 8 8 0.13
Current Stock Price, In USD 1.72 103 103.6 75
Dividend Yield 7.56% 7.77% 7.72% 0.17%

Source: Byblos Bank, Beirut Stock Exchange, Reuters

 

 

 

 

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