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The Financial Express
Swasti Lankabangla Swasti Lankabangla

Two more life insurers declare dividend

| Updated: August 11, 2020 09:56:47


Two more life insurers declare dividend

The boards of directors of two more life insurers have recommended cash dividend for the year ended on December 31, 2019.

The companies are National Life Insurance Company and Sandhani Life Insurance Company, according to separate official disclosures on Sunday.

National Life Insurance: The board of directors of National Life Insurance have recommended 28 per cent cash dividend for the year ended on December 31, 2019.

The final approval will come during the annual general meeting (AGM) scheduled to be held on September 29 at 12:00 noon Digital Platform. The record date is August 31.

There will be no price limit on the trading of the shares of the company today following its corporate declaration; however, as per the BSEC Order dated March 19, 2020, the floor price shall be applicable accordingly.

Listed in 1995, each share of the National Life Insurance closed at Tk 2263.40 on Thursday last.

The company’s paid-up capital is Tk 1.08 billion, authorised capital is Tk 2.0 billion and the total number of securities is 108.52 million.

Sandhani Life Insurance: The board of directors of Sandhani Life Insurance has recommended 12 per cent cash dividend for the year ended on December 31, 2019.

The AGM will be held on September 27 at 11:30am through Digital Platform. The record date is September 1.

The company has also reported consolidated EPS of Tk. 1.46, Consolidated NAV per share of Tk. 18.37 and Consolidated NOCFPS of Tk. (3.03) for the year ended on December 31, 2019 as against Tk. 1.49, Tk. 18.40 and Tk. (2.94) 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 following its corporate declaration; however, as per the BSEC Order dated March 19, 2020, the floor price shall be applicable accordingly.

Listed in 1996, each share of the Sandhani Life Insurance closed at Tk 26.60 on Thursday last.

The company’s paid-up capital is Tk 1.09 billion, authorised capital is Tk 2.0 billion and the total number of securities is 109.69 million.

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