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The board of directors of Karnaphuli Insurance Company has recommended 6.0 per cent cash and 5.0 per cent stock 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 26 June in Dhaka, said an official disclosure.
The record date for entitlement of dividend is May 20.
The company has also reported earnings per share (EPS) of Tk 1.31, consolidated net asset value (NAV) per share of Tk 19.90 and consolidated net operating cash flow per share (NOCFPS) of Tk 0.27 for the year ended on December 31, 2018 as against Tk 1.43 (restated), Tk 19.10 (restated), and Tk 1.91 (restated) respectively for the same period of the previous year.
In 2017, the company also disbursed 6.0 per cent cash and 5.0 per cent stock dividend.
There will be no price limit on the trading of the shares of the bank on Sunday next (April 28) following its corporate declaration.
Each share of the company, which was listed on the Dhaka bourse in 1995, closed at Tk 14.90 on Thursday.
In the last one year, its share traded between Tk 12.60 and Tk 27.30 each.
The company’s paid-up capital is Tk 427.39 million and authorised capital is Tk 600 million while the total number of securities is 42.73 million.
The sponsor-directors own 30.18 per cent stake in the company, while the institutional investors own 5.60 per cent, and the general public 64.22 per cent as on March 31, 2018, the DSE data shows.