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Shahjalal Bank recommends 10pc stock dividend

FE Online Report | Published: April 25, 2019 12:37:46 | Updated: April 26, 2019 14:41:54


The board of directors of Shahjalal Islami Bank Limited has recommended 10 per cent stock dividend for the year ended on December 31, 2018.

The final approval will come during the annual general meeting (AGM) scheduled to be held on July 25 in Dhaka, said an official disclosure on Thursday.

The record date for entitlement of the dividend is May 30.

The banks has also reported consolidated EPS of Tk 1.47, consolidated NAV per share of Tk 17.51 and consolidated NOCFPS of negative Tk 3.21 for the year ended on December 31, 2018 as against Tk 1.58, Tk 16.04 and Tk 2.50 respectively for the same period of the previous year.

In 2017, the company also disbursed 10 per cent stock dividend.

Each share of the bank, which was listed on the Dhaka bourse in 2007, closed at Tk 24.30 on Wednesday, losing 0.07 per cent over the previous day.

In the last one year, its share traded between Tk 21.20 and Tk 32.90 each.

The bank’s paid-up capital is Tk 8.48 million and authorised capital is Tk 10 billion while the total number of securities is 848.56 million.

The sponsor-directors own 45.62 per cent stake in the bank, while the institutional investors own 13.87 per cent, foreign investors 0.41 per cent and the general public 40.10 per cent as on March 31, 2018, the DSE data shows.

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