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The board of directors of Mutual Trust Bank (MTB) Limited has recommended 11 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 30 in Dhaka, said an official disclosure on Tuesday.
The record date for entitlement of dividend is June 03.
The bank has also reported consolidated EPS of Tk 3.03, Consolidated NAV per share of Tk 23.16 and Consolidated NOCFPS of negative Tk 0.26 for the year ended on December 31, 2018 as against Tk 3.45 (restated), Tk 20.51 (restated) and Tk 0.05 (restated) respectively for the same period of the previous year.
In 2017, the company disbursed 12.50 per cent stock dividend.
Each share of the bank, which was listed on the Dhaka bourse in 2003, closed at Tk 33 on Monday.
In the last one year, its share traded between Tk 26.10 and Tk 40.50 each.
The bank’s paid-up capital is Tk 5.73 billion and authorised capital is Tk 10 billion while the total number of securities is 573.36 million.
The sponsor-directors own 38.01 per cent stake in the bank, while the institutional investors own 23.27 per cent, and the general public 38.72 per cent as on March 31, 2018, the DSE data shows.