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The board of directors of National Credit and Commerce (NCC) Bank has recommended 5.0 per cent cash and 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 July 30 in Dhaka, said an official disclosure on Thursday.
The record date for entitlement of dividend is May 30.
The bank has also reported consolidated EPS of Tk. 2.07, consolidated NAV per share of Tk. 20.15 and consolidated NOCFPS of Tk. 5.71 for the year ended on December 31, 2018 as against Tk. 2.09, Tk. 19.46 and Tk. 1.86 respectively for the same period of the previous year.
There will be no price limit on the trading of the shares of the bank today (Thursday) following its corporate declaration.
In 2017, the bank disbursed 13 per cent cash dividend.
Each share of the bank, which was listed on the Dhaka bourse in 2000, closed at Tk 15.50 on Tuesday last.
In the last one year, its share traded between Tk 13 and Tk 18 each.
The bank’s paid-up capital is Tk 8.83 billion and authorised capital is Tk 10 billion while the total number of securities is 883.21 million.
The sponsor-directors own 39.32 per cent stake in the bank, while the institutional investors own 18.51 per cent, foreign investors 1.23 per cent and the general public 40.94 per cent as on March 31, 2018, the DSE data shows.