Byblos Bank distributes dividends

Unchanged payments
compared to 2012

The Board of Directors of Byblos Bank proposed on the Ordinary General Assembly, the distribution of a dividend of LL200 ($0.13) per common share for profits of 2013, before the deduction of the five percent tax.

Holders of Preferred Shares classes 2008 and 2009 will both receive $8 per share.

The net amounts, after deduction of the five percent tax, will be paid through Midclear starting May 16 for both holders of common shares and preferred shares, as at May 14 (Record date), according to the records of Midclear.

The shares will be traded excluding those of shareholder of dividends distributed as of 12 May.

Holders of GDRs will also get LL200 ($0.13) to be paid in dollars through their source, the Bank of New York Mellon, after deducting the five percent tax, in addition to other expenses, as of May 21.

Holders of Preferred Shares classes 2008 and 2009 both received $8 per share for profits of 2012. Holders of GDRs received LL200 ($0.13) per share paid in dollars.

The dividend yield of Byblos Bank’s share is around 7.9 percent, as per the share price on April 16.