Higher returns on BoB shares

Earning to price ratio 2.5 percent

Bank of Beirut (BoB) has distributed dividends of $0.48 (LL716) per common share on its 2012 profits. The earning to price ratio is 2.5 percent for common shares as per the share price at the last closing. The bank had distributed dividends of $0.43 per common share in 2011. BoB ended the year 2012 with a 12 percent growth in profits to $117 million.

Holders of Series E and Series F Preferred Shares received $2 per share. Holders of Series G and Series H Preferred Shares received $2.3 and $1.7 per share, respectively. The Series D Preferred Shares had been redeemed earlier this year and holders had received $2.2 per share.

BoB has some 50 million common shares, including 16 million shares listed on the BSE.