Three banks, two insurers declare dividend

FE Report | Published: April 26, 2019 10:37:39 | Updated: April 27, 2019 21:57:55


Five more companies, including three banks, have recommended dividend for the year ended on December 31, 2018.

The banks are Islami Bank Bangladesh Ltd., Al-Arafah Islami Bank, and Shahjalal Islami Bank.

And two other companies are Pioneer Insurance and Phonix Insurance.

Islami Bank: The Islami Bank has recommended 10 per cent cash dividend for the year ended on December 31, 2018.

The annual general meeting (AGM) of the bank will be held on June 18 in Dhaka and the record date for entitlement of dividend is May 19.

The bank has also reported consolidated EPS of Tk 3.92, consolidated NAV per share of Tk 34.45 and consolidated NOCFPS of negative Tk 2.95 for the year ended on December 31, 2018 as against Tk 3.06, Tk 31.47 and Tk 1.14 respectively for the same period of the previous year.

In 2017, the bank disbursed 10 per cent cash dividend.

Al-Arafah Bank: The board of directors of Al-Arafah Islami Bank has recommended 15 per cent cash and 2.0 per cent stock dividend for the year ended on December 31, 2018.

The AGM will be held on June 22 in Dhaka and the record date is May 19.

The bank has also reported consolidated EPS of Tk 2.35, consolidated NAV per share of Tk 20.80 and consolidated NOCFPS of negative Tk 13.18 for the year ended on December 31, 2018 as against Tk 3.00, Tk 19.88 and Tk 11.81 respectively for the same period of the previous year.

In 2017, the company disbursed 15 per cent cash and 5.0 per cent stock dividend.

Shahjalal Bank: Shahjalal Islami Bank has recommended 10 per cent stock dividend for the year ended on December 31, 2018.

The AGM will be held on July 25 in Dhaka and the record date is May 30.

The bank 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 disbursed 10 per cent stock dividend.

Phoenix Insurance: Phoenix Insurance has recommended 12 per cent cash dividend for the year ended on December 31, 2018.

The AGM will be held on June 19 in Dhaka and the record date is May 20.

The company has also reported EPS of Tk 2.56, NAV per share of Tk 37.01 and NOCFPS of Tk 1.85 for the year ended on December 31, 2018 as against Tk 2.78 (restated), Tk 39.85 (restated) and Tk 3.48 respectively for the same period of the previous year.

In 2017, the company disbursed 16 per cent cash dividend.

Pioneer Insurance: the Pioneer Insurance has recommended 15 per cent cash dividend for the year ended on December 31, 2018.

The AGM will be held on June 25 and the record date is May 16.

The company has also reported EPS (after tax) of Tk 3.82, NAV per share of Tk 45.08 and NOCFPS of Tk 4.78 for the year ended on December 31, 2018 as against Tk 3.43, Tk 41.71 and Tk 2.94 respectively for the same period of the previous year.

In 2017, the company disbursed 15 per cent cash dividend.

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