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The Financial Express

Reliance Insurance declares 25pc dividend

FE Online Report | Published: February 19, 2020 11:17:55 | Updated: February 20, 2020 16:36:43


Picture used for representational purpose - Collected Picture used for representational purpose - Collected

The board of directors of Reliance Insurance has recommended 25 per cent cash dividend for the year ended on December 31, 2019.

The final approval will come during the annual general meeting scheduled to be held on March 31 at 11am in Dhaka, said an official disclosure on Wednesday.

The record date is March 11.

The company has also reported EPS of Tk. 5.57, NAV per share of Tk. 52.60 and NOCFPS of Tk. 4.66 for the year ended on December 31, 2019 as against Tk. 4.74 (Restated), Tk. 55.29 (Restated) and Tk. 3.20 (Restated) respectively for the same period of the previous year.

The company has requested the shareholders to update their respective BO Account with 12 digits e-TIN number, BO account, address, e-mail address, mobile number etc through their respective DPS before the record date.

Each share of the insurer, which was listed on the Dhaka bourse in 1995, closed at Tk 43.60 each on Tuesday.

The company disbursed 15 per cent cash and 10 per cent stock dividend for the year ended on December 31, 2018.

The company’s paid-up capital is Tk 1.05 billion and authorised capital Tk 2.0 billion while total number of securities is 105.16 million.

The sponsor-directors own 65.77 per cent stake in the company, while institutional investors own 6.35 per cent, and the general public 27.88 per cent as of January 31, 2020, the DSE data showed.

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