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The Financial Express

Five more listed banks declare dividend

FE ONLINE REPORT | Published: June 29, 2020 10:36:02 | Updated: July 01, 2020 09:41:25


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The board of directors of five more listed banks have recommended a dividend between 5.0 per cent and 13 per cent for the year ended on December 31, 2019.

The banks are: Al-Arafah Islami Bank, United Commercial Bank, Trust Bank, Premier Bank and the state-run Rupali Bank.

AL-Arafah Bank: The board of directors of the bank has recommended a 13 per cent cash dividend for the year ended on December 31, 2019.

The final approval will come during the annual general meeting (AGM) scheduled to be held September 3 at 11:30am through a digital platform.

The record date is July 30.

The bank has also reported consolidated earnings per share (EPS) of Tk 2.28, consolidated net asset value (NAV) per share of Tk 21.13 and consolidated net operating cash flow per share (NOCFPS) of Tk 11.58 for the year ended on December 31, 2019 as against Tk 2.30, Tk 20.39 and negative Tk 12.98 respectively for the same period of the previous year.

It is to be noted that NOCFPS significantly increased mainly due to increased deposit from customers compared to previous year.

UCB: The board of directors of the bank has recommended 5.0 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2019.

The AGM will be held on September 3 at 11:00 am through Digital Platform. The record date is July 19.

The bank has also reported consolidated EPS of Tk. 2.46, consolidated NAV per share of Tk. 28.77 and consolidated NOCFPS of Tk. 2.61 for the year ended on December 31, 2019 as against Tk. 2.16, Tk. 26.21 and negative Tk. 9.55 respectively for the same period of the previous year.

Trust Bank: The board of directors of the bank has recommended 5.0 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2019.

The board has also decided to issue a Perpetual Bond worth Tk 4.0 billion only to strengthen the capital base subject to the approval of regulatory authorities.

The AGM will be held on August 23 at 11:00am through Digital Platform. The record date is July 20.

The bank has also reported Consolidated EPS of Tk. 3.32, Consolidated NAV per share of Tk. 24.94 and Consolidated NOCFPS of Tk. 32.63 for the year ended on December 31, 2019 as against Tk. 3.04, Tk. 21.58 and Tk. 5.71 respectively for the same period of the previous year.

Premier Bank: The board of directors has recommended 5.0 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2019.

The AGM will be held on August 10 at 3:00 pm through Digital Platform. The record date is July 21.

The bank has also reported consolidated EPS of Tk. 3.61, Consolidated NAV per share of Tk. 20.29 and Consolidated NOCFPS of Tk. 3.57 for the year ended on December 31, 2019 as against Tk. 2.46 (restated), Tk. 16.68 (restated) and Tk. 2.39 (restated) respectively for the same period of the previous year.

Rupali Bank: The board of directors of the bank has recommended 5.0 per cent stock dividend for the year ended on December 31, 2019.

The AGM will be held on September 3 at 11:00 am through Digital Platform. The record date is July 19.

The company has also reported consolidated EPS of Tk. 1.38, Consolidated NAV per share of Tk. 41.14 and consolidated NOCFPS of negative Tk. 75.30 for the year ended on December 31, 2019 as against Tk. 0.99 (restated), Tk. 41.57 (restated) and Tk. 75.87 (restated) respectively for the same period of the previous year.

There will be no price limit on the trading of the shares of these banks today following their corporate declaration, however, as per the BSEC Order dated March 19, 2020, the floor price shall be applicable accordingly.

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