Hellenic Bank declares interim dividend

The Board of Directors of Hellenic Bank Pcl (HB) declared an interim dividend of 2 Cyprus pound cent or 3.46 euro cents per share, its first such move during the last three years and another confirmation of its spectacular turnaround that started from last year.

Hellenic fixed November 22 as the last day when the shares will trade cum-intrerim while the ex-dividend date was fixed on November 23. The interim dividend will be paid on December 22, 2006.

The Board also announced a dividend reinvestment scheme at a 12% discount to the average price prevailing five working days before the shares go ex-dividend. It also announced that warrant holders who exercise their warrants into shares by November 22 will be entitled to participate in the dividend.
The HB dividend yield will amount to 1% based on the current share price prevailing on the CSE at EUR 3.38 according to Financial Mirror calculations.