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The Financial Express

IPDC Finance declares 15pc dividend

FE Online Report | Published: February 24, 2020 10:45:57 | Updated: February 25, 2020 12:24:06


IPDC Finance declares 15pc dividend

The board of directors of IPDC Finance Ltd has recommended 10 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2019.

The annual general meeting (AGM) will be held on March 31 in Dhaka. The record date is March 11.

The company has also reported EPS of Tk 1.82, NAV per share of Tk 15.78 and NOCFPS of Tk 12.33 for the year ended on December 31, 2019 as against Tk. 1.59 (restated), Tk. 10.62 (restated) and negative Tk. 2.37 (restated) 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.

Each share of the insurer, which was listed on the Dhaka bourse in 2006, closed at Tk 25.60 each on Sunday.

The company disbursed 7.0 per cent cash and 8.0 per cent stock dividend for the year ended on December 31, 2018.

The company’s paid-up capital is Tk 3.53 billion and authorised capital Tk 4.0 billion while total number of securities is 353.42 million.

The sponsor-directors own 40 per cent stake in the company, while the government owns 21.88 per cent, institutional investors own 26.61 per cent, foreign investors 2.85 per cent and the general public 8.66 per cent as of December 31, 2019, the DSE data showed.

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