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The board of directors of Asia Pacific General Insurance Company Limited has recommended 10 per cent cash 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 20 in Dhaka, said an official disclosure on Monday.
The record date for entitlement of dividend is May 22.
The company has also reported EPS of Tk. 1.57, NAV per share of Tk. 18.96 and NOCFPS of Tk. 2.57 for the year ended on December 31, 2018 as against Tk. 2.15, Tk. 18.79 and Tk. 3.74 respectively for the same period of the previous year.
In 2017, the company disbursed 15 per cent cash dividend.
There will be no price limit on the trading of the shares of the company today (Monday) following its corporate declaration.
Each share of the company, which was listed on the Dhaka bourse in 2006, closed at Tk 19.70 on Sunday.
In the last one year, its share traded between Tk 16.50 and Tk 35 each.
The company’s paid-up capital is Tk 423.50 million and authorised capital is Tk 1.0 billion while the total number of securities is 42.35 million.
The sponsor-directors own 42.72 per cent stake in the company, while the institutional investors own 302.0 per cent, and the general public 27.08 per cent as on March 31, 2018, the DSE data shows.