Shares Price and Dividend

Shares Calculator

Last Stock Price
$ 3.70
Quantity
Total

Dividend Calculator

Indicative dividend per share$ 0.55
(Before withholding tax based on the last common distribution as approved by the OGA of 12 April, 2019 and to the latest ordinary share price)
Total Number of Shares Owned Total Cash Dividend
(Year to Date)
Corresponding Dividend Yield14.86%



At 8/19/2019 value of 3.7$ At 8/16/2019 value of 3.75$ At 8/14/2019 value of 3.75$ At 8/9/2019 value of 3.75$ At 8/8/2019 value of 3.75$ At 8/7/2019 value of 3.75$ At 8/6/2019 value of 3.75$ At 8/5/2019 value of 3.75$ At 8/2/2019 value of 3.75$ At 8/1/2019 value of 3.75$ At 7/31/2019 value of 3.75$ At 7/30/2019 value of 3.75$ At 7/29/2019 value of 3.95$ At 7/26/2019 value of 3.95$ At 7/25/2019 value of 3.89$ At 7/24/2019 value of 3.79$ At 7/23/2019 value of 3.79$ At 7/19/2019 value of 3.86$ At 7/18/2019 value of 3.86$ At 7/17/2019 value of 3.86$ At 7/15/2019 value of 3.86$ At 7/12/2019 value of 3.86$ At 7/11/2019 value of 3.9$ At 7/10/2019 value of 3.9$ At 7/9/2019 value of 3.9$ At 7/8/2019 value of 3.9$ At 7/5/2019 value of 3.9$ At 7/4/2019 value of 3.9$ At 7/3/2019 value of 4$ At 7/2/2019 value of 4$ At 7/1/2019 value of 4$ At 6/27/2019 value of 4$ At 6/26/2019 value of 4$ At 6/24/2019 value of 4$ At 6/21/2019 value of 3.9$ At 6/20/2019 value of 3.9$ At 6/19/2019 value of 3.9$ At 6/17/2019 value of 4$ At 6/13/2019 value of 4$ At 6/12/2019 value of 4.18$ At 6/11/2019 value of 4$ At 6/10/2019 value of 4$ At 6/7/2019 value of 4$ At 6/6/2019 value of 4.2$ At 6/3/2019 value of 4.2$ At 5/29/2019 value of 4.02$ At 5/28/2019 value of 4.02$ At 5/27/2019 value of 4.02$ At 5/23/2019 value of 4.02$ At 5/22/2019 value of 4.02$ At 5/21/2019 value of 4.02$ At 5/20/2019 value of 4.02$ At 5/14/2019 value of 3.97$ At 5/13/2019 value of 4.35$ At 5/9/2019 value of 4.3$ At 5/7/2019 value of 4.48$ At 5/2/2019 value of 4.4$ At 4/25/2019 value of 4.57$ At 4/24/2019 value of 4.57$ At 4/23/2019 value of 4.23$ At 4/18/2019 value of 4.4$ At 4/17/2019 value of 4.63$ At 4/16/2019 value of 4.99$ At 4/15/2019 value of 4.99$ At 4/12/2019 value of 4.99$ At 4/10/2019 value of 4.99$ At 4/8/2019 value of 4.99$ At 4/3/2019 value of 4.99$ At 4/2/2019 value of 4.99$ At 3/29/2019 value of 4.99$ At 3/28/2019 value of 5$ At 3/27/2019 value of 5$ At 3/26/2019 value of 5$ At 3/21/2019 value of 4.98$ At 3/20/2019 value of 4.98$ At 3/18/2019 value of 5$ At 3/15/2019 value of 5$ At 3/14/2019 value of 5$ At 3/13/2019 value of 5$ At 3/12/2019 value of 5$ At 3/11/2019 value of 5$ At 3/8/2019 value of 5$ At 3/7/2019 value of 4.99$ At 3/6/2019 value of 4.99$ At 3/5/2019 value of 4.99$ At 3/4/2019 value of 4.88$ At 2/28/2019 value of 4.88$ At 2/27/2019 value of 4.88$ At 2/26/2019 value of 4.88$ At 2/25/2019 value of 4.88$ At 2/22/2019 value of 4.88$ At 2/21/2019 value of 4.88$ At 2/20/2019 value of 4.88$ At 2/19/2019 value of 4.88$ At 2/18/2019 value of 4.75$ At 2/15/2019 value of 4.75$ At 2/12/2019 value of 4.75$ At 2/11/2019 value of 4.75$ At 2/8/2019 value of 4.75$ At 2/6/2019 value of 4.75$ At 2/5/2019 value of 4.75$ At 2/4/2019 value of 4.75$ At 1/31/2019 value of 4.75$ At 1/29/2019 value of 4.75$ At 1/28/2019 value of 4.75$ At 1/24/2019 value of 4.6$ At 1/23/2019 value of 4.6$ At 1/22/2019 value of 4.6$ At 1/17/2019 value of 4.68$ At 1/15/2019 value of 4.68$ At 1/14/2019 value of 4.87$ At 1/10/2019 value of 4.87$ At 1/9/2019 value of 4.87$ At 1/8/2019 value of 4.87$ At 1/4/2019 value of 4.87$ At 1/3/2019 value of 4.87$ At 1/2/2019 value of 4.87$ At 12/31/2018 value of 4.87$ At 12/28/2018 value of 4.87$ At 12/27/2018 value of 4.88$ At 12/26/2018 value of 4.88$ At 12/21/2018 value of 4.75$ At 12/20/2018 value of 4.75$ At 12/19/2018 value of 4.75$ At 12/18/2018 value of 4.75$ At 12/17/2018 value of 4.7$ At 12/14/2018 value of 4.7$ At 12/13/2018 value of 4.7$ At 12/12/2018 value of 4.7$ At 12/11/2018 value of 4.81$ At 12/10/2018 value of 4.86$ At 12/7/2018 value of 4.71$ At 12/6/2018 value of 4.71$ At 12/5/2018 value of 4.71$ At 12/4/2018 value of 4.71$ At 11/30/2018 value of 4.71$ At 11/29/2018 value of 4.99$ At 11/28/2018 value of 4.93$ At 11/26/2018 value of 4.93$ At 11/21/2018 value of 5$ At 11/15/2018 value of 5.25$ At 11/14/2018 value of 5.25$ At 11/12/2018 value of 5.25$ At 11/9/2018 value of 5.25$ At 11/7/2018 value of 4.89$ At 11/6/2018 value of 4.99$ At 11/5/2018 value of 4.99$ At 11/2/2018 value of 4.99$ At 11/1/2018 value of 4.98$ At 10/31/2018 value of 4.93$ At 10/30/2018 value of 5$ At 10/29/2018 value of 5$ At 10/26/2018 value of 4.99$ At 10/25/2018 value of 4.99$ At 10/24/2018 value of 4.99$ At 10/23/2018 value of 4.99$ At 10/22/2018 value of 5$ At 10/18/2018 value of 5$ At 10/17/2018 value of 5$ At 10/16/2018 value of 5$ At 10/15/2018 value of 5$ At 10/12/2018 value of 5$ At 10/11/2018 value of 5$ At 10/9/2018 value of 5$ At 10/8/2018 value of 5$ At 10/5/2018 value of 5.15$ At 10/4/2018 value of 5.15$ At 10/3/2018 value of 5.15$ At 10/2/2018 value of 4.99$ At 10/1/2018 value of 5$ At 9/28/2018 value of 5$ At 9/27/2018 value of 5$ At 9/21/2018 value of 5.1$ At 9/17/2018 value of 5.16$ At 9/13/2018 value of 5.15$ At 9/12/2018 value of 5.15$ At 9/10/2018 value of 5.15$ At 9/7/2018 value of 5.15$ At 9/6/2018 value of 5.15$ At 9/5/2018 value of 5.15$ At 9/4/2018 value of 5.15$ At 9/3/2018 value of 5.15$ At 8/31/2018 value of 5.15$ At 8/29/2018 value of 5.15$ At 8/27/2018 value of 5.15$ At 8/20/2018 value of 5.2$

Trading Volume (Monthly)





 201320142015201620172018
Common dividends per share (before tax)$0.40$0.40$0.40$0.50$0.55$0.55
Common dividends per share (after tax)$0.38$0.38$0.38$0.48$0.50$0.50
Dividend Distribution Proposal AnnouncementPDF PDF PDF PDF PDF PDF 
Dividend Distribution AnnouncementPDF PDF PDF PDF PDF PDF 

Dividend Policy

Since 1996, the Board of Directors of the Bank has recommended the distribution to holders of common shares of a dividend payment of at least 30% of after-tax profits in each year.

Pursuant to the Bank’s by-laws, subject to the requirements of Lebanese law, the Bank’s net income in each financial year shall be allocated in the following order of priority:

  • To the allocation of 10% of net income to the legal reserve until such reserve reaches one-third of the Bank’s share capital. The legal reserve is distributable only upon the liquidation of the Bank.
  • To the allocation of amounts required for the establishment of legal regulatory reserves.
  • To the payment of distributions in respect of any outstanding series “H” preferred shares, series “I” preferred shares and series “J” preferred shares, as and when approved by the shareholders of the Bank pursuant to a resolution adopted at the general meeting of shareholders during which the most recent annual audited financial statements of the Bank are approved.
  • To the holders of common shares.
  • To the establishment of additional special or general reserves or to the allocation of amounts to be carried forward to the following year, in accordance with a decision of the Bank’s shareholders pursuant to a resolution adopted at a general meeting.

Pursuant to Central Bank decision No. 7129, the Bank was legally required to set aside a minimum of 0.2% and a maximum of 0.3% of its risk-weighted assets as a reserve for general banking risks, which forms an integral part of the Bank’s Tier 1 capital. The accumulated reserve for general banking risks must be equivalent to 1.25% of risk-weighted assets within 10 years from Decision 7129’s issuance and 2.0% of risk weighted assets within 20 years from such date. The Bank has already reached the regulatory 2.0% threshold and transferred the outstanding balance to non-distributable general reserves, as required by Central Bank Decision No. 12713 issued on 7 November 2017. Starting 2018, the Bank discontinued the yearly allocation previously required by Central Bank Decision No. 7129.

In addition, Central Bank decision No. 7740, dated 21 December 2000, as amended, provides that banks are required to establish a special reserve for properties acquired in satisfaction of debts and not liquidated within the required delays. BCC circular No. 4/2008 provides that banks must establish such special reserve at the end of the fiscal year during which the acquired property should have been liquidated. This special reserve shall be withheld from the annual profits and shall not be accounted for as an expense in the profit and loss account, in accordance with IFRS. Pursuant to Central Bank decision No. 12116, dated 26 October 2015, as amended, the special reserve should be constituted over a period of 20 years.

In accordance with BCC Circular No. 296 dated 4 June 2018, the Bank was required to allocate the value of gross unrealised profits on financial assets at fair value through profit or loss as a special reserve. This reserve is not available for dividend distributions until such profits are realised and released to the Bank’s general reserves.

No dividends or other distributions in respect of the common shares may be made unless and until the full amount of distributions in respect of any outstanding series “H” preferred shares, series “I” preferred shares and series “J” preferred shares, and any future series of preferred shares of the Bank at the time outstanding and ranking pari passu with the existing preferred shares, in each case, then due and payable shall have been paid or declared and set aside.

Payment of dividends to holders of common shares must be made annually on the dates specified by the general meeting (or any other shareholders’ meeting) at which the relevant annual audited financial statements of the Bank are approved. Under Lebanese law, dividends not claimed within five years of the date of payment become barred by statute of limitations; half of these unclaimed dividends revert to the Bank, while the balance is paid over to the government.

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