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Islami Bank recommends 10pc cash dividend

FE Online Report | Published: April 25, 2019 12:24:59 | Updated: April 25, 2019 15:40:51


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The board of directors of Islami Bank Bangladesh 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 18 in Dhaka, said an official disclosure on Thursday.

The record date for entitlement of dividend is May 19.

The bank has also reported consolidated EPS of Tk 3.92, consolidated NAV per share of Tk 34.45 and consolidated NOCFPS of negative Tk. 2.95 for the year ended on December 31, 2018 as against Tk 3.06, Tk 31.47 and Tk 1.14 respectively for the same period of the previous year.

In 2017, the bank also disbursed 10 per cent cash dividend.

There will be no price limit on the trading of the shares of the bank today (Thursday) following its corporate declaration.

Each share of the bank, which was listed on the Dhaka bourse in 1985, closed at Tk 25.30 on Wednesday.

In the last one year, its share traded between Tk 21.90 and Tk 28.40 each.

The bank’s paid-up capital is Tk 16.10 billion and authorised capital is Tk 20 billion while the total number of securities is 1.60 billion.

The sponsor-directors own 47.84 per cent stake in the bank, while the institutional investors own 11.97 per cent, foreign investors 25.15 per cent, and the general public 16.04 per cent as on March 31, 2018, the DSE data shows.

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