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The board of directors of Agrani Insurance Company Ltd has recommended 5.0 per cent stock dividend for the year ended on December 31, 2018.
The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on June 16 June in Dhaka, said an official disclosure on Sunday.
The record date for entitlement of dividend is May 15.
The company has also reported earnings per share (EPS) of Tk 1.73, net asset value (NAV) per share of Tk 18.13, and net operating cash flow per share (NOCFPS) of Tk 0.62 for the year ended on December 31, 2018 as against Tk 1.69, Tk 17.72, and negative Tk 0.54 respectively for the same period of the previous year.
In 2017, the company disbursed 5.0 per cent cash and 5.0 per cent stock dividend.
There will be no price limit on the trading of the shares of the company today (Sunday) following its corporate declaration.
Each share of the company, which was listed on the Dhaka bourse in 2005, closed at Tk 31 on Thursday last.
In the last one year, its share traded between Tk 14.80 and Tk 45.70 each.
The company’s paid-up capital is Tk 288.04 million and authorised capital is Tk 500 million while the total number of securities is 28.80 million.
The sponsor-directors own 38.46 per cent stake in the company, while the institutional investors own 28.11 per cent, and the general public 33.43 per cent as on March 31, 2018, the DSE data shows.