The Financial Express

Uttara Bank declares 12.5pc cash, 12.5pc stock dividend

| Updated: April 13, 2021 10:34:22

Uttara Bank declares 12.5pc cash, 12.5pc stock dividend

The board of directors of Uttara Bank has recommended 12.50 per cent cash and 12.50 per cent stock dividend for the year ended on December 31, 2020.

The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on May 20 at 11:00am through digital platform.

The record date is May 2, the bank said in a filing with the Dhaka Stock Exchange (DSE) on Sunday.

The bank has also reported consolidated EPS of Tk. 4.28, consolidated NAV per share of Tk. 34.79 and consolidated NOCFPS of Tk. 38.53 for the year ended on December 31, 2020 as against Tk. 3.73, Tk. 38.36 and Tk. (14.74) respectively for the same period of the previous year.

In 2019, the bank disbursed 7.0 per cent cash and 23 per cent stock dividend.

Each share of the bank, which was listed on the DSE in 1984, closed at Tk 24.60 on Thursday last.

The bank’s shares traded between Tk 23.70 and Tk 26.90 in the last one year.

The bank’s paid-up capital is Tk 5.01 billion and authorised capital is Tk 10 billion, while the total number of securities is 501.94 million.

The sponsor-directors own 30.54 per cent stake in the company while the institutional investors own 22.44 per cent, foreign investors 0.26 per cent and the general public 46.76 per cent as on February 28, 2021, the DSE data shows.

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