Loading...
The Financial Express

Two more banks declare dividend

FE Online Report | Published: March 23, 2020 11:28:42 | Updated: March 24, 2020 15:36:06


Two more banks declare dividend

Two more banks - Mercantile Bank and Bank Asia have recommended dividend for the year ended on December 31, 2019, according to separate official disclosure on Monday.

Mercantile Bank: The board of directors of Mercantile Bank has recommended 11 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2019.

The annual general meeting will be held on April 30 and the record date is April 15.

The bank has also reported consolidated EPS of Tk 3.01, consolidated NAV per share of Tk 22.96 and consolidated NOCFPS of Tk 2.23 for the year ended on December 31, 2019 as against Tk 3.12 (restated), Tk. 22.91 and Tk. 2.04 respectively for the same period of the previous year.

There will be no price limit on the trading of the shares of the Company today following its corporate declaration, however, as per the BSEC order; the floor price shall be applicable accordingly.

Each share of the bank, which was listed on the DSE in 2004, closed at tk 11.10 each on Sunday.

Bank Asia: The board of directors of Bank Asia has declared 10 per cent cash dividend for the year ended on December 31, 2019.

The annual general meeting will be held on April 29 and the record date is April 13.

The bank has also reported consolidated EPS of Tk 1.68, consolidated NAV per share of Tk. 21.09 and consolidated NOCFPS of Tk. 22.94 for the year ended on December 31, 2019 as against Tk. 1.92 (restated), Tk. 19.89 and Tk. 3.00 respectively for the same period of the previous year.

The company also has informed that NOCFPS has been increased mainly due to deposit inflow in terms of previous year.

There will be no price limit on the trading of the shares of the Company today following its corporate declaration, however, as per the BSEC order; the floor price shall be applicable accordingly.

Each share of the bank, which was listed on the DSE in 2004, closed at tk 16.30 each on Sunday.

babulfexpress@gmail.com

Share if you like