The Ordinary General Assembly resolved during its annual meeting on April 12th, 2012 the allocation of the net profit as follows:
Distributing dividends to common shareholders of LBP 650 per Common Share. The total dividends to common shareholders amounted to LBP 32.8 Billion based on outstanding number of Common Shares of 50,467,400. The dividend yield in 2011 stood at 2.22% as compared to 2.32% in 2010
Distributing dividends for preferred shareholders in the amount of $30.7million (C/v LBP 46.3 Billion)
Dividend on Series “D” preferred shares were determined as representing 9% for fiscal year 2011 (9% for 2010) of the share nominal issue price.
Dividends on Series “E” preferred shares were determined as representing 8% for the fiscal year 2011 (8% for 2010) on the share nominal issue price.
Dividends on Series “F” preferred shares were determined as representing 8% for the fiscal year 2011 (8% for 2010) on the share nominal issue price.
Dividends on Series “G” preferred shares were determined as representing 6.75% for the fiscal year 2011 on the share nominal issue price.
Dividends on Series “H” preferred shares were determined as representing 7% on the share issue price calculated for the period from issue closing date as at 28/09/2011 to 31/12/2011.
Transferring the remaining net profit to statutory, legal and regulatory reserves and retained earnings.