The board of directors of Peoples Insurance Company Limited has recommended 10 per cent cash dividend for the year ended on December 31, 2017, said an official disclosure on Monday.
The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on August 1 at Spectra Convention Centre in Dhaka.
The record date for entitlement of dividend is June 19.
The company has also reported earnings per share (EPS) of Tk 2.20, net asset value (NAV) per share of Tk 25.31 and net operating cash flow per share (NOCFPS) of Tk 2.93 for the year ended on December 31, 2017 as against as against Tk 2.46, Tk 24.31 and Tk 4.37 respectively for the same period of the previous year.
In 2016, the company also disbursed 12 per cent cash dividend.
There will be no price limit on the trading of the shares of the bank on today (Monday) following its corporate declaration.
Each share of the company, which was listed on the Dhaka bourse in 1990, closed at Tk 19.30 on Sunday at the Dhaka Stock Exchange (DSE).
The company’s paid-up capital is Tk 462 billion and authorised capital is Tk 2.0 billion while the total number of securities is 46.20 million.
The sponsor-directors own 21.08 per cent stake in the company, while the institutional investors own 29.47 per cent and the general public 49.45 per cent as on March 31, 2018, the DSE data shows.