Dividends

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Since inception, Solidere has distributed dividends in 13 out of its 25 years of operations for a total value of US$ 1.2 billion, out of an aggregate net income of US$ 1.4 billion. Solidere stands by its commitment to distribute dividends to shareholders depending on the level of profits and available liquidity after providing for capital expenditure towards infrastructure and real estate development projects.

AGM Resolutions 2019

The Ordinary General Meeting of The Lebanese Company for the Development and Reconstruction of Beirut Central District, s.a.l. (Solidere) was held on July 29th, 2019 after the quorum was attained.

Below are the major resolutions taken:

  1. Approval of the company’s separate and consolidated financial statements for the fiscal year ending December 31, 2018 and retaining and transferring the balance of this year’s net loss to next year.

  2. Granting the Chairman and members of the Board of Directors as well as shareholders who own directly or indirectly voting rights exceeding 5%, the authorizations and licenses as stipulated in Articles 158 and 159 of the Code of Commerce regarding the contracts and agreements and commitments requiring such authorization.

  3. Giving full discharge to the Chairman and members of the Board of Directors for the management of the company in the year 2018.

 

Dividend History

Declaration DateDiv./SharePayment DateDeclared Dividends (USD)Payout RatioDiv. Yield*
29-Jun-960.2015-Jul-9630,918,41395.76%1.79%
30-Jun-970.2514-Jul-9740,367,17268.49%2.27%
29-Jun-980.2515-Jul-9839,351,75350.55%2.08%
23-Jun-03Stock Dividend (1:40)21-Jul-0319,625,55047.70%2.50%
12-Jun-060.6015-Aug-0694,831,10687.38%2.66%
22-Jun-071.0014-Sep-07155,093,702117.35%6.32%
15-Jul-081.0029-Aug-08155,090,83269.18%2.71%
13-Jul-091.1529-Sep-09176,479,95796.59%4.90%
19-Jul-101.1515-Oct-10175,228,43492.61%5.48%
1-Aug-110.40

Stock Dividend (1:30)
31-Oct-1160,912,291

85,987,850
75.14%5.71%
30-Jul-120.25

Stock Dividend (1:50)
15-Oct-1239,316,239

42,744,616
51.68%3.83%
13-Jul-150.10

Stock Dividend (1:50)
12-Oct-15 16,015,415

36,859,996
46.50%2.84%
27-Jun-160.10

Stock Dividend (1:80)
3-Oct-1616,302,491

19,070,295
-40.56%2.32%
*Based on Declaration Date Share Price