Holcim announces the distribution of dividends

The Ordinary General Assembly meeting held on Tuesday the 3^rd of July 2018 decided to distribute the dividends of 2017 as of the 30^th of July at a rate of LBP 3,870 ($2.56) net per share (a dividend yield of 16.89%) , as follows:

• Shareholders will receive their dividends through “MIDCLEAR”.
• The record date of the beneficiaries is on the 23^rd of July 2018 and the Ex-dividend date is on the 19th of July 2018.
• In order to receive their dividends, shareholders should exchange their shares for nominal shares as of the 3^rd of November 2018.

To note that:

Holcim’s profit declined from $49.22M by end of 2016 to $43.29M by end of 2017(a yearly decrease of 12.04%).  

Furthermore, 41% of its profits are destined to be distributed as dividends.

HOLCIM Share Price on the Beirut Stock Exchange($)

   Source: Reuters, Beirut Stock Exchange