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Takaful Islami Ins recommends 5.0pc cash, 6.0pc stock dividend

FE Online Report | Published: April 15, 2019 15:13:48 | Updated: April 17, 2019 10:16:44


The Board of Directors of Takaful Islami Insurance Limited has recommended 5.0 per cent cash and 6.0 per cent stock dividend for the year ended on December 31, 2018.

The final approval of dividend will come during the Annual General Meeting (AGM) scheduled for June 29 at Institution Of Diploma Engineers, Bangladesh (IDEB) in Dhaka, said an official disclosure on Monday.

The record date for entitlement of the dividend is May 16, said the disclosure.

There will be no price limit on the trading of the shares of the insurance company on today (Monday) following its corporate declaration.

The Takaful Islami Insurance Ltd, which was listed on the Dhaka bourse in 2008, also disbursed 5.0 per cent cash and 6.0 per cent stock dividend in 2018.

The company has reported consolidated earnings per share (EPS) of Tk 1.35, consolidated net asset value (NAV) per share of Tk 17.01 and consolidated net operating cash flow per share (NOCFPS) of Tk 1.79 for the year ended on December 31, 2018 as against Tk 1.79, Tk 16.50 and Tk 0.56 respectively for the same period of the previous year.

The company’s paid-up capital is Tk 401.76 million and authorised capital is Tk 1.0 billion while the total number of securities is 41.76 million, according to the DSE website.

The sponsor-directors own 43.88 per cent stake in the company, while the institutional investors own 26.93 per cent, foreign 0.13 per cent and the general public 29.06 per cent.

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