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The Financial Express
Swasti Lankabangla Swasti Lankabangla

Four more banks recommend dividends

AB Bank declares No dividend


| Updated: May 05, 2018 10:20:18


Four more banks recommend dividends

The boards of directors of four more listed banks – City Bank, Rupali Bank, NCC Bank and National Bank – have recommended dividend for the year ended on December 31, 2017, according to separate official disclosures on Thursday.

City Bank: The board of directors has recommended 19 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 28.

The record date for entitlement of dividend is May 23.

The bank has also reported consolidated earnings per share (EPS) of Tk 3.90, consolidated net asset value (NAV) per share of Tk 28.40 and consolidated net operating cash flow per share (NOCFPS) of minus Tk 4.83 for the year ended on December 31, 2017 as against Tk 4.57, Tk 22.67 and Tk 14.92 respectively for the same period of the previous year.

In 2016, the company disbursed 24 per cent cash dividend.

Each share of the bank, which was listed on the Dhaka bourse in 1986, closed at Tk 35.90 on Monday last at the Dhaka Stock Exchange (DSE).

Rupali Bank: The board of directors has recommended 24 per cent stock dividend for the year ended on December 31, 2017.

The AGM will be held on June 26 and the record date in on May 24.

The bank has also reported consolidated EPS of Tk 1.98, consolidated NAV per share of Tk 44.07 and consolidated NOCFPS of Tk 37.59 for the year ended on December 31, 2017 as against minus Tk 3.99, Tk 38.97 and minus Tk 0.94 respectively for the same period of the previous year.

It is to be noted that income increases by Tk 3.88 billion and expenditure decreases by Tk 2.09 billion in 2017 than the year 2016. As a result profitability increased remarkably in 2017, said the bank.

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

Each share of the bank, which was listed on the Dhaka bourse in 1986, closed at Tk 54.30 on Monday last at the Dhaka Stock Exchange (DSE).

NCC Bank: The board of directors has recommended 13 per cent cash dividend for the year ended on December 31, 2017.

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

The bank has also reported consolidated EPS of Tk 2.09, consolidated NAV per share of Tk 19.46 and consolidated NOCFPS of Tk 1.86 for the year ended on December 31, 2017 as against Tk 2.35, Tk 18.76 and Tk 4.88 respectively for the same period of the previous year.

In 2016, the company also disbursed 16 per cent cash dividend.

Each share of the bank, which was listed on the Dhaka bourse in 2000, closed at Tk 16.10 on Monday last at the Dhaka Stock Exchange (DSE).

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

The AGM will be held on June 11 in Dhaka. The record date is on May 24.

The bank has also reported consolidated earnings per share (EPS) of Tk 2.02, consolidated net asset value (NAV) per share of Tk 17.02 and consolidated net operating cash flow per share (NOCFPS) of Tk 1.36 for the year ended on December 31, 2017 as against Tk 2.37, Tk 18.28 and Tk 0.84 respectively for the same period of the previous year.

AB Bank: AB Bank recommended No dividend for the year ended on December 31, 2017, for the first time since its listing with the Dhaka bourse in 1983.

The AGM will be held on July 19 and record date is on May 31.

The bank has also reported consolidated EPS of Tk 0.05, Consolidated NAV per share of Tk 31.65 and consolidated NOCFPS of minus Tk 12.22 for the year ended on December 31, 2017 as against Tk 2.00, Tk 32.08 and Tk 27.11 respectively for the same period of the previous year.

The bank will be placed in ‘Z’ category from existing ‘A’ category with effect from May 06, 2018 as the bank has recommended No dividend for the year ended on December 31, 2017.

In 2016, the bank disbursed 12.50 per cent stock dividend.

Each share of the bank, which was listed on the Dhaka bourse in 1983, closed at Tk 15.50 on Monday last at the Dhaka Stock Exchange (DSE).

There will be no price limit on the trading of the shares of these banks on today (Thursday) following their corporate declarations.

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