Bank Audi announces dividends

Almost steady returns
on some shares

The Ordinary General Assembly of Shareholders of Bank Audi declared a gross distribution of dividends and approved the bank’s accounts for the year 2013. The assembly had convened on April 14.

The net payable amounts, after deduction of the five percent tax, will be LL572.85 ($0.38) per share for Holders of Common Shares, and $5.7 per share for Holders of Series E Preferred Shares. Holders of Series F Preferred Shares will receive $5.7 per share, $3.8 per share for Holders of Series G Preferred Shares, and $4.275 per share for Holders of Series H Preferred Shares.

Dividends will be paid through Midclear starting April 16, for holders of shares as at April 11, 2014 (Record Date), according to the records of Midclear.

The bank’s payment of dividends per common shares in 2012 was $0.4. The bank offered dividends per share equivalent to $0.77 for Holders of Series D Preferred Shares, $6 for Holders of Series E Preferred Shares, and $4 for Holders of Series F Preferred Shares. All were subject to a deduction of five percent withholding tax.

The dividend yield of common shares, as of the share price on April 15, is six percent.