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Delta Life Insurance recommends 26pc cash dividend

FE Online Report | Published: June 18, 2019 11:34:14 | Updated: June 19, 2019 16:07:27


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The board of directors of Delta Life Insurance Company Limited has recommended 26 per cent cash dividend for the year ended on December 31, 2018, said an official disclosure on Tuesday.

The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on July 24 at 10:30am at the Delta Life Tower in Dhaka.

The record date for entitlement of the dividend is July 09.

In 2017, the company disbursed 25 per cent cash dividend.

There will be no price limit on the trading of the shares of the company on today (Tuesday) following its corporate declaration.

Each share of the company, which was listed on the Dhaka bourse in 1995, closed at Tk 99.90 on Monday at the Dhaka Stock Exchange (DSE).

Its share traded between Tk 92 and Tk 125.50 each in the last one year.

The company’s paid-up capital is Tk 1.23 billion and authorised capital is Tk 5.0 billion while the total number of securities is 123.75 million.

The sponsor-directors own 42.05 per cent stake in the company, while the institutional investors own 22.28 per cent and the general public 33.55 per cent as on April 30, 2019, the DSE data shows.

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