Top banks announce dividend distribution. Yields almost unchanged from previous year

The Board of Directors of Bank Audi proposed on the Annual Ordinary General Assembly, the distribution of a dividend of LL603 (around $0.4) per common share for profits of 2013. The net amount, after deduction of the five percent tax, is LL572.85.<br /> <br />Subject to the General Assembly's approval, dividends will be paid around April 16, 2014 to holders of common shares on April 11 2014.<br /><br />These dividends will not affect the 2012 payment ($0.4). Bank Audi's net earnings in 2013 dropped by 15.6 percent, down to $305 million. "This fall is due to the initial launching stages of the Turkish banking subsidiary," said the bank.<br /><br />The dividend yield, as of the share price on March 21, is 6.15 percent. <br /><br />Blom Bank also announced that the Board of Directors proposed on the General Assembly of Shareholders to pay a dividend of LL750 (nearly $0.5) for each listed ordinary share, and of $0.70 as a distribution for each listed series 2011 Preferred Shares, subject to income tax. In 2013 BLOM bank had a five percent increase in net profit, to $353 million<br /><br />If the General Assembly's approves, the payment will take place on April 16 for ordinary shares and April 15 for preferred shares.<br /><br />Blom Bank had proposed to pay a dividend of $0.45 per common share (listed shares and GDRs) and of $0.7 per preferred share (class 2011) on 2012 profits. <br /><br />The dividend yield of Blom Bank's share is estimated at 5.5 percent, as per the share price on March 21. <br />