Prime Insurance recommends 10pc cash dividend

FE Online Report | Published: February 11, 2019 10:43:32 | Updated: February 12, 2019 10:28:35

The board of directors of Prime Insurance Company has recommended 10 per cent cash dividend for the year ended on December 31, 2018, said an official discourse on Sunday.

The final approval will come during the annual general meeting (AGM) scheduled to be held on March 31, at 11:00am in Dhaka.

The record date is March 07.

The company has also reported earnings per share (EPS) of Tk 1.12, net asset value (NAV) per share of Tk 16.88, and net operating cash flow per share (NOCFPS) of Tk 0.08 in the negative for the year ended on December 31, 2018 as against Tk 2.17, Tk 17.26, and Tk 0.51 respectively for the same period of the previous year.

In 2017, the company disbursed 15 per cent cash dividend.

Each share of the company, which was listed on the Dhaka bourse in 2001, closed at Tk 18.10 on Sunday at Dhaka Stock Exchange (DSE), losing 8.58 per cent over the previous session.

The company’s paid-up capital is Tk 408.78 million and authorised capital is Tk 1.0 billion, while the total number of securities is 40.87 million.

The sponsor-directors own 34.26 per cent stake in company, while institutional investors own 29 per cent, and the general public 36.74 per cent as on December 31, 2018, the DSE data shows.


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