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The board of directors of City General Insurance Company Limited has recommended 5.0 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 30 in Dhaka, said an official disclosure on Tuesday.
The record date for entitlement of dividend is May 21.
The company has also reported EPS of Tk 1.26, NAV per share of Tk 15.55 and NOCFPS of Tk 0.49 for the year ended on December 31, 2018 as against Tk 1.00, Tk. 14.33 and Tk 0.75 respectively for the same period of the previous year.
In 2017, the company disbursed 10 per cent stock dividend.
Each share of the company, which was listed on the Dhaka bourse in 2007, closed at Tk 12.50 on Tuesday, losing 4.58 per cent over the previous day.
In the last one year, its share traded between Tk 12 and Tk 24.30 each.
The company’s paid-up capital is Tk 681.66 million and authorised capital is Tk 2.0 billion while the total number of securities is 68.16 million.
The sponsor-directors own 36.14 per cent stake in the company, while the institutional investors own 20.72 per cent, foreign investors 0.99 per cent and the general public 42.15 per cent as on March 31, 2018, the DSE data shows.