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Some 40 listed companies will hold their annual general meetings (AGMs) within this month to approve their dividends, among others, recommended for the year ended on December 31, 2018.
The banks which will hold their AGMs are United Commercial Bank, Mutual Trust Bank, The City Bank, AB Bank, Trust Bank, Southeast Bank, Al-Arafah Islami Bank, Mercantile Bank, Standard Bank, Islami Bank Bangladesh, Rupali Bank, EXIM Bank, Jamuna Bank and Uttara Bank.
Of these banks, AB has recommended no dividend for the year ended on December 31, 2018.
The other banks have recommended dividends ranged between 10 per cent and 22 per cent in the form of cash or stock or both.
The insurance companies which will hold their AGMs in this month are: Asia Insurance, Agrani Insu-rance, Phoenix Insurance Company, Standard Insu-rance, Asia Pacific General Insurance Company, Conti-nental Insurance, Northern General Insurance Com-pany, Pioneer Insurance Company, Bangladesh National Insurance Com-pany, Karnaphuli Insurance, Federal Insurance Com-pany, Republic Insurance Company, Dhaka Insu-rance, Pragati Insurance, Eastland Insurance Company, Takaful Islami Insurance, Central Insu-rance Company, Mercantile Insurance Company, City General Insurance and Provati Insurance Com-pany.
These companies have recommended dividends ranged between 5.0 per cent and 20 per cent in the form of cash or stock or both.
Besides, Union Capital, Phoenix Finance and Investment, Uttara Finance and Investments, FAS Finance & Investment, Bay Leasing & Investment, Bangladesh Industrial Finance Company, Prime Finance & Investment will also hold their AGMs by the end of this month.
Of these companies, Bangladesh Industrial Finance Company and Prime Finance & Investment have recommended no dividend for the year ended on December 31, 2018.
The other financial institutions have recommended dividend between 5.0 per cent and 20 per cent in the form of cash or stock.
Bata Shoe Company (Bangladesh) will also hold its AGM in this month. The company has recommended 105 per cent final cash, in addition to 240 per cent interim cash dividend declared and paid in January 2019; thus making a total 345 per cent cash dividend.