Jamuna Bank recommends 20pc cash dividend

FE Online Report | Published: April 22, 2019 13:08:28 | Updated: April 24, 2019 10:40:07


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The board of directors of Jamuna Bank Ltd has recommended 20 per cent cash dividend for the year ended on December 31, 2018.

The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on June 16 at 10:00am at Police Convention Hall, Eskaton Garden Road, Ramna, Dhaka.

The record date for entitlement of the dividend is May 15, said an official discourse on Sunday.

The bank has also reported consolidated earnings per share (EPS) of Tk 3.07, consolidated net asset value (NAV) per share of Tk 24.09 and consolidated net operating cash flow per share (NOCFPS) of negative Tk 0.02 for the year ended on December 31, 2018 as against Tk 2.77 (restated), Tk 20.59 (restated) and Tk 3.26 (restated) respectively for the same period of the previous year.

There will be no price limit on the trading of the shares of the bank on Tuesday following its corporate declaration.

In 2017, the bank disbursed 22 per cent stock dividend.

Each share of the bank, which was listed on the Dhaka Stock Exchange (DSE) in 2006, closed at Tk 18.10 on Sunday.

In the last one year, its share traded between Tk 13.60 and Tk 21.80 per cent each.

The bank’s paid-up capital is Tk 7.49 billion and authorised capital is Tk 10 billion while the total number of securities is 749.22 million.

The sponsor-directors own 50.55 per cent stake in the bank, while the institutional investors own 3.96 per cent, and the general public 45.49 per cent as on March 31, 2019, the DSE data shows.

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