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The board of directors of First Security Islami Bank Limited has recommended 10 per cent stock dividend for the year ended on December 31, 2017.
An official disclosure on Wednesday said, the final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on June 26 in Dhaka.
The record date for entitlement of dividend is May 21.
The bank has also reported consolidated earnings per share (EPS) of Tk 1.89, consolidated net asset value (NAV) per share of Tk 16.51 and consolidated net operating cash flow per share (NOCFPS) of minus Tk 26.19 for the year ended on December 31, 2017 as against Tk 1.97, Tk 15.09 and Tk 11.54 respectively for the same period of the previous year.
In 2016, the company also disbursed 5.0 per cent cash and 5.0 per cent stock dividend.
There will be no price limit on the trading of the shares of the bank on Thursday following its corporate declaration.
Each share of the bank, which was listed on the Dhaka bourse in 2008, closed at Tk 12.90 on Wednesday at the Dhaka Stock Exchange (DSE).
The bank’s paid-up capital is Tk 7.12 billion and authorised capital is Tk 10 billion while the total number of securities is 712.81 million.
The sponsor-directors own 30.37 per cent stake in the bank, while the institutional investors own 13.01 per cent, foreign 4.96 per cent and the general public 51.61 per cent as on March 31, 2018, the DSE data shows.