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The board of directors of Global Insurance Limited has recommended 5.0 per cent stock dividend for the year ended on December 31, 2018.
The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on August 03 in Dhaka, said an official disclosure on Tuesday.
The record date for entitlement of dividend is June 24.
The company has also reported EPS of Tk 0.54, NAV per share of Tk 11.83 and NOCFPS of Tk 1.15 for the year ended on December 31, 2018 as against EPS of Tk 0.37, NAV per share of Tk 11.86 and NOCFPS of negative Tk 0.35 respectively for the same period of the previous year.
Each share of the company, which was listed on the Dhaka bourse in 2002, closed at Tk 19.80 on Tuesday, soaring 11.86 per cent over the previous day.
In the last one year, its share traded between Tk 11.70 and Tk 26.20 each.
The company also disbursed 5.0 per cent stock dividend in 2017.
The company’s paid-up capital is Tk 367.82 million and authorised capital is Tk 1.0 billion while the total number of securities is 36.78 million.
The sponsor-directors own 35.71 per cent stake in the company, while the institutional investors own 15.28 per cent, and the general public 49.01 per cent as on April 30, 2019, the DSE data shows.