According to Bank Audi and the Beirut Stock Exchange, Bank Audi’s shareholders convened on April 8, 2016 for an Ordinary General Assembly and declared a gross distribution of dividends as follows:
- To Holders of Series “F” Preferred Shares a total of USD 9 Million on the basis of USD 6 per share.
- To Holders of Series “G” Preferred Shares a total of USD 9 Million on the basis of USD 6 per share.
- To Holders of Series “H” Preferred Shares a total of USD 4.875 Million on the basis of USD 6.5 per share.
- To Holders of Common Shares: a total of LBP 241 Billion ($159.87M) on the basis of LBP 603 per share ( $0.4 per share)
However, after the deduction of the 5% withholding tax, the net payable amounts would be:
- To Holders of Series “F” Preferred Shares a total of USD 8.550 Million on the basis of USD 5.7 per share.
- To Holders of Series “G” Preferred Shares a total of USD 8.550 Million on the basis of USD 5.7 per share.
- To Holders of Series “H” Preferred Shares a total of USD 4.631 Million on the basis of USD 6.175 per share.
- To Holders of Common Shares: a total of LBP 229 Billion ($151.91M) on the basis of LBP 572.85 per share ($0.38 per share)
Dividends will be paid through Midclear S.A.L. starting April 14, 2016 for the holders of shares as at April 13, 2016 (Record Date), according to the records of Midclear S.A.L.
| | Audi Common Shares | Audi Preferred F Shares | Audi Preferred G shares | Audi Preferred H Shares |
| Dividend for 2015 (In USD) | 0.4 | 6 | 6 | 6.5 |
| Current Stock Price (In USD) | 5.85 | 100 | 100 | 101.5 |
| Dividend Yield | 6.8% | 6.0% | 6.0% | 6.4% |
Source: Bank Audi Official Website
