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The Board of Directors of Bangladesh General Insurance Company (BGIC) has recommended 10 per cent cash dividend for the year ended on December 31, 2018, said an official disclosure on Wednesday.
The final approval of the dividend will come during the Annual General Meeting (AGM) scheduled to be held on June 27 at Dhaka Ladies Club in the capital.
The record date for entitlement of dividend is May 9, said the disclosure.
The company has also reported earnings per share (EPS) of Tk 1.04, net asset value (NAV) per share of Tk 19.63 and net operating cash flow per share (NOCFPS) of Tk 1.31 for the year ended on December 31, 2018 as against Tk 1.10, Tk 19.76 and Tk 0.69 respectively for the same period of the previous year.
There will be no price limit on the trading of the shares of the Company today following its corporate declaration.
In 2018, the company also disbursed 10 per cent cash dividend.
Each share of the company, which was listed on the Dhaka bourse in 1989, closed at Tk 19.20 on Tuesday at the Dhaka Stock Exchange (DSE).
The company’s paid-up capital is Tk 540.27 million and authorised capital is Tk 1.0 billion while the total number of securities is 54.02 million.
The sponsor-directors own 16.16 per cent stake in the company, while the institutional investors own 44.30 per cent and the general public 39.54 per cent, the DSE data shows.