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The board of directors of Paramount Insurance Company Limited has recommended 5.0 per cent stock dividend for the year ended on December 31, 2018.
The final approval of dividend will come during the annual general meetings (AGM) scheduled to be held on April 15 at 10:00am at Spectra Convention Centre in Dhaka, said an official disclosure on Tuesday.
The record date for entitlement of the dividend is March 28.
The company’s earnings per share (EPS) stood at Tk 0.55 for the year ended on December 31, 2018 as against Tk 1.30 in the previous year.
The net asset value (NAV) per share was Tk 13.69 for the year ended on December 31, 2018 as against Tk 12.98 in the last year.
The net operating cash flow per share (NOCFPS) was Tk 1.69 for the year ended on December 31, 2018 as against Tk 0.99 in the previous year.
There will be no price limit on the trading of the shares of the company today (Tuesday) following its corporate declaration.
Paramount Insurance, which was listed on the DSE in 2007, disbursed 10 per cent stock dividend for the year ended on December 31, 2017.
Each share of the company closed at Tk 19.80 on Monday at the Dhaka Stock Exchange.
The company’s paid-up capital is Tk 316 million, authorised capital is Tk 600 million, and the total number of securities is 31.64 million.
The sponsor-directors own 42.78 per cent stake in the company, while institutional investors 9.56 per cent, and the general public own 47.66 per cent as of January 31, 2109.