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The Financial Express

Green Delta Insurance declares 20pc dividend

FE Online Report | Published: February 11, 2020 19:39:28 | Updated: February 13, 2020 10:39:55


Green Delta Insurance declares 20pc dividend

The board of directors of Green Delta Insurance Ltd has recommended 15 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2019, according to an official disclosure on Tuesday.

The annual general meeting (AGM) will be held on March 30 at Spectra Convention Center in Dhaka. The record date is on March 2.

The company has also reported earnings per share (EPS) of Tk 3.39, net asset value (NAV) per share of Tk 66.00 and net operating cash flow per share (NOCFPS) of negative Tk 0.47 for the year ended on December 31, 2019 as against Tk 3.09, Tk 71.21 and Tk 0.51 respectively for the same period of the previous year.

Each share of the insurer, which was listed on the Dhaka bourse in 1989, closed at Tk 53.80 each on Tuesday, losing 3.41 per cent over the previous day.

The company disbursed 10 per cent cash and 10 per cent stock dividend for the year ended on December 31, 2018.

The company’s paid-up capital is Tk 887.60 million and authorised capital Tk 5.0 billion while total number of securities is 88.76 million.

The sponsor-directors own 33.55 per cent stake in the company, while institutional investors own 14.28 per cent, foreign investors 8.25 per cent and the general public 43.92 per cent as of December 31, 2019, the DSE data showed.

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