Lebanon Businessnews News
 

BoB pays 2011 dividends
Bank pays a total of $83.08 million to holders of common and preferred shares
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Bank of Beirut’s general assembly, convened on April 12, approved the distribution of dividends for 2011. 

The bank will pay $0.43 per common share. Total dividends paid on common shares came to $21.7 million. The dividend yield in 2011 stood at 2.22 percent, compared to 2.32 percent in 2010.

The bank’s general assembly also resolved to pay $30.7 million in dividends to holders of preferred shares.

The bank will pay a total of $9 million to holders of Preferred Shares Series D (nine percent of the share's initial price), $4.8 million to holders of Preferred shares Series E (eight percent of the initial price), and $6 million to holders of Preferred shares Series F (eight percent of the initial price). It will distribute $8.43 million to holders of Series G preferred shares (6.75 percent of the initial price), and $2.45 million to holders of Series H preferred shares (seven percent of the initial price).

Reported by Hanadi Chami

Date Posted: Apr 30, 2012
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