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Southeast Bank and Social Islami Bank have received consent from the Bangladesh Securities and Exchange Commission to declare stock dividends for the financial year that ended on December 31, 2022.
In a Wednesday filing on the Dhaka Stock Exchange, Southeast Bank said it had received permission from the regulator to declare a 4 per cent stock dividend for the year.
The record date on June 7 for entitlement of the stock mentioned above dividend will remain unchanged, as previously announced. The annual general meeting will be held on July 5.
Earlier, the board of directors of Southeast Bank had recommended a 6.0 per cent cash and 4 per cent stock dividend for the year ended December 31, 2022. The Stock dividend was subject to the approval of BSEC.
Listed in 2000, its stock remained stuck at the floor price of Tk 13.80 since October last year.
In another filing, Social Islami Bank said the BSEC has accorded its consent for its declaration of a 5 per cent stock dividend for 2022.
The record date is on June 5 for entitlement of the stock mentioned above dividend will remain unchanged, as previously announced. The annual general meeting will be held on July 10.
Earlier, the board of directors of the bank had recommended a 5 per cent cash and 5 per cent stock dividend for the year ending December 31, 2022. The Stock dividend was subject to the approval of regulatory authorities.
Listed in 2000, its stock remained stuck at the floor price of Tk 12.30 since November last year.