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The Financial Express
Swasti Lankabangla Swasti Lankabangla

Five more insurance companies offer dividend

| Updated: May 03, 2018 11:26:18


Five more insurance companies offer dividend

The board of directors of five more insurance companies has recommended dividend for the year ended on December 31, 2017, according to separate official disclosure on Monday.

The five companies are Islami Insurance Bangladesh, Asia Pacific Insurance, Central Insurance, Agrani Insurance and Phoenix Insurance.

Of the five companies, two offered higher dividend while three offered same compared to that of the previous year.

Islami Insurance Bangladesh:  The board of directors has recommended 5.0 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2017.

The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on June July 14 in Dhaka.

The record date for entitlement of dividend is May 22.

The company has also reported earnings per share (EPS) of Tk 1.44, net asset value (NAV) per share of Tk 13.81 and net operating cash flow per share (NOCFPS) of Tk 2.77 for the year ended on December 31, 2017 as against Tk 1.45, Tk 13.61 and Tk 2.58 respectively for the same period of the previous year.

In 2016, the company disbursed 10 per cent stock dividend.

Each share of the company, which was listed on the Dhaka bourse in 2009, closed at Tk 29.20 each on Monday at the Dhaka Stock Exchange (DSE)

Asia Pacific Insurance:     The board of directors has recommended 15 per cent cash dividend for the year ended on December 31, 2017.

The AGM will be held on June 24 and the record date is on May 29.

The company has also reported EPS of Tk. 2.15, NAV per share of Tk. 18.79 and NOCFPS of Tk. 3.74 for the year ended on December 31, 2017 as against Tk. 1.50, Tk. 17.70 and Tk. 2.15 respectively for the same period of the previous year.

In 2016, the company disbursed 10 per cent stock dividend.

Each share of the company, which was listed on the Dhaka bourse in 2006, closed at Tk 25.30 each on Monday at the Dhaka Stock Exchange (DSE)

Central Insurance:  The board of directors has recommended 12 per cent cash dividend for the year ended on December 31, 2017.

The AGM will be held on June 25 and the record date is on May 23.

The company has also reported EPS of Tk 1.73, NAV per share of Tk. 22.81 and NOCFPS of Tk. 1.28 for the year ended on December 31, 2017 as against Tk. 1.72, Tk. 22.83 and Tk. 0.90 respectively for the same period of the previous year.

In 2016, the company disbursed 7.0 per cent cash and 5.0 per cent stock dividend.

Each share of the company, which was listed on the Dhaka bourse in 1995, closed at Tk 22.90 each on Monday at the Dhaka Stock Exchange (DSE).

Agrani Insurance: The board of directors has recommended 5.0 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2017.

The AGM will be held on June 28 and the record date is on May 23.

The company has also reported EPS of Tk 1.77, NAV per share of Tk. 17.72 and NOCFPS of Tk. (0.57) for the year ended on December 31, 2017 as against Tk. 1.84, Tk. 17.13 and Tk. 2.01 respectively for the same period of the previous year.

In 2016, the company disbursed 7.0 per cent cash and 3.0 per cent stock dividend.

Each share of the company, which was listed on the Dhaka bourse in 2005, closed at Tk 17.70 each on Monday at the Dhaka Stock Exchange (DSE).

Phoenix Insurance: The board of directors has recommended 16 per cent cash dividend for the year ended on December 31, 2017.

The AGM will be held on June 27 and the record date is on May 29.

The company has also reported EPS of Tk 2.76, NAV per share of Tk. 42.34 and NOCFPS of Tk. 3.48 for the year ended on December 31, 2017 as against Tk. 2.44, Tk. 34.64 and Tk. 0.77 respectively for the same period of the previous year.

In 2016, the company disbursed 15 per cent cash dividend.

Each share of the company, which was listed on the Dhaka bourse in 1994, closed at Tk 24.90 each on Monday at the Dhaka Stock Exchange (DSE).

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