The board of directors of Bangladesh National Insurance Company Limited has recommended 10 per cent cash dividend for the year ended on December 31, 2017, said an official disclosure Sunday.
The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on June 25 in Dhaka.
The record date for entitlement of dividend is May 17.
The company has also reported earnings per share (EPS) of Tk. 1.64, net asset value (NAV) per share of Tk. 17.05, and net operating cash flow per share (NOCFPS) of Tk. 2.86 for the year ended on December 31, 2017 as against Tk. 1.62, Tk. 16.15, and Tk. 2.34 respectively for the same period of the previous year.
In 2016, the company also disbursed 10 per cent cash dividend.
There will be no price limit on the trading of the shares of the bank today (Sunday) following its corporate declaration.
Each share of the company, which was listed on the Dhaka bourse in 2016, closed at Tk 16.40 on Thursday last at the Dhaka Stock Exchange (DSE).
The company’s paid-up capital is Tk 442.50 million and authorised capital is Tk 1.0 billion while the total number of securities is 44.25 million.
The sponsor-directors own 50.74 per cent stake in the company, while the institutional investors 0.83 per cent, foreign 0.19 per cent, and the general public 48.24 per cent as on March 31, 2018, the DSE data shows.