Green Delta Ins recommends 20pc dividend

FE Online Report | Published: February 11, 2019 11:11:43 | Updated: February 12, 2019 10:32:35

The board of directors of Green Delta Insurance Limited has recommended 10 per cent cash and 10 per cent stock dividend for the year ended on December 31, 2018, said an official disclosure on Monday.

The final approval will come during the annual general meeting (AGM) scheduled to be held on March 31, at 11:00am in Dhaka.

The record date is March 04.

The company has also reported earnings per share (EPS) of Tk 3.09, net asset value (NAV) per share of Tk 77.86, and net operating cash flow per share (NOCFPS) of Tk 0.14 in the negative for the year ended on December 31, 2018 as against Tk 3.01, Tk 79.47, and minus Tk 0.25 respectively for the same period of the previous year.

In 2017, the company disbursed 20 per cent cash dividend.

Each share of the company, which was listed on the Dhaka bourse in 1989, closed at Tk 60.70 on Sunday at Dhaka Stock Exchange (DSE).

The company’s paid-up capital is Tk 806.91 million and authorised capital is Tk 5.0 billion, while the total number of securities is 80.69 million.

The sponsor-directors own 48.09 per cent stake in company, while institutional investors own 13.36 per cent, foreign investors 8.25 per cent, and the general public 29.92 per cent as on January 31, 2019, the DSE data shows.

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