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Popular Life Insurance recommends 40pc cash dividend

FE Online Report | Published: May 19, 2019 11:22:09 | Updated: May 20, 2019 15:47:34


Photo collected from internet has been used for representational purpose only

The board of directors of Popular Life Insurance Company has recommended 40 per cent cash dividend for the year ended on December 31, 2018.

The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on July 15 in Dhaka, said an official disclosure on Sunday.

The record date for entitlement of dividend is June 12.

The company has also reported EPS of Tk 4.55, NAV per share of Tk 68.29 and NOCFPS of negative Tk 132.72 for the year ended on December 31, 2018 as against Tk 4.27, Tk 80.52 and negative Tk 51.17 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 (Sunday) following its corporate declaration.

Each share of the company, which was listed on the Dhaka bourse in 2005, closed at Tk 92.30 on Thursday last.

In the last one year, its share traded between Tk 75 and Tk 127.80 each.

The company also disbursed 40 per cent cash dividend in 2017.

The company’s paid-up capital is Tk 604.28 billion and authorised capital is Tk 5.0 billion while the total number of securities is 60.42 million.

The sponsor-directors own 28.92 per cent stake in the company, while the institutional investors own 7.70 per cent, foreign investors 0.21 per cent and the general public 63.17 per cent as on April 30, 2019, the DSE data shows.

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