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Six cos recommend dividend up to 700 per cent

Published: April 20, 2019 11:09:58 | Updated: April 22, 2019 11:57:37


The board of directors of six more companies have recommended dividend up to 700 per cent for the year ended on December 31, 2018, last week.

Reckitt Benckiser: The board of directors of Reckitt Benckiser has recommended 700 per cent cash dividend for the year ended on December 31, 2018.

The final approval will come during the annual general meeting (AGM) scheduled to be held on May 30 in Chittagong.

The record date for entitlement of dividend is May 8.

The company has also reported earnings per share (EPS) of Tk 70.22, net asset value (NAV) per share of Tk 81.63 and net operating cash flow per share (NOCFPS) of Tk 129.22 for the year ended on December 31, 2018 as against Tk 80.63, Tk 64.28 and Tk 93.37 respectively for the same period of the previous year.

In 2017, the multinational company disbursed a total of 790 per cent cash dividend.

Pragati Insurance: The board of directors has recommended 13 per cent cash and 7.0 per cent stock dividend for the year ended on December 31, 2018.

The AGM will be held on June 27 in Dhaka. The record date is May 16.

The company has also reported EPS of Tk 3.02, NAV per share of Tk 53.05 and NOCFPS of Tk 0.61 for the year ended on December 31, 2018 as against Tk 2.66, Tk 54.54 and Tk 0.54 respectively for the same period of the previous year.

The company disbursed 13 per cent cash and 5.0 per cent stock dividend in 2017.

Takaful Insurance: The board of directors of Takaful Islami Insurance has recommended 5.0 per cent cash and 6.0 per cent stock dividend for the year ended on December 31, 2018.

The AGM will be held on June 29 in Dhaka. The record date is May 16.

The insurer has also reported EPS of Tk 1.35, NAV per share of Tk 17.01 and NOCFPS of Tk 1.79 for the year ended on December 31, 2018 as against Tk 1.79, Tk 16.50 and Tk 0.56 respectively for the same period of the previous year.

In 2017, the company also disbursed 5.0 per cent cash and 6.0 per cent stock dividend.

The City Bank: The board of directors of The City Bank has recommended 6.0 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2018.

The AGM will be held on June 26 in Dhaka. The record date is May 12.

The bank has also reported consolidated EPS of Tk 2.30, consolidated NAV per share of Tk 25.74 and consolidated NOCFPS of Tk 14.29 for the year ended on December 31, 2018 as against Tk 3.57, Tk 28.40 and negative Tk 4.60 respectively for the same period of the previous year.

In 2017, the bank disbursed 19 per cent cash and 5.0 per cent stock dividend.

Janata Insurance: The board of directors of Janata Insurance has recommended 5.0 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2018.

The AGM will be held on July 30 in Dhaka. The record date is May 26.

BGIC: 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.

The AGM will be held on June 27 in Dhaka. The record date is on May 9.

The company has also reported EPS of Tk 1.04, NAV per share of Tk 19.63 and 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.

In 2017, the insurer also disbursed 10 per cent cash dividend.

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