Jamuna Bank to pay 15pc cash dividend

The board of directors of Jamuna Bank Ltd has recommended a 15 per cent cash dividend for the year ended on December 31, 2019.

The board of directors of the bank in a meeting held on Tuesday approved, among others, the audited financial statements of the bank for the year ended on December 31, 2019.

The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on August 27 at 11am. The venue will be notified later.

The record date for entitlement of the dividend is July 20.

The bank’s consolidated earnings per share (EPS) rose 10.10 per cent year-on-year in 2019.

The bank has reported consolidated EPS of Tk 3.38 for the year ended on December 31, 2019 which was Tk 3.07 in the previous year.

The bank’s solo basis EPS was Tk 3.48 for the year ended on December 31, 2019 which was Tk 3.09 in the previous year.

Its consolidated net asset value (NAV) per share was Tk 22.77 for the year ended on December 31, 2019 which was Tk 24.09 a year ago.

The bank’s consolidated net operating cash flow per share (NOCFPS) was Tk 7.93 for the year ended on December 31, 2019, which was negative Tk 0.02 in the previous year.

In 2018, the bank disbursed 20 per cent cash dividend.

Each share of the bank, which was listed on the Dhaka bourse in 2006, closed at Tk 16 on Tuesday at the Dhaka Stock Exchange.

In the last one year, its share traded between Tk 14.80 and Tk 19.90 per share.

The company’s paid-up capital is 7.49 billion, authorised capital is Tk 10 billion and the total number of securities is 749.22 million.

Sponsor-directors own 48.46 per cent stake in the bank while institutional investors 4.32 per cent, foreign investors 1.69 per cent and general public 45.53 per cent as on February 29, 2020, the DSE data showed.

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