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The board of directors of Peoples Insurance Company Limited has recommended 6.0 per cent cash 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 August 01 in Dhaka, said an official disclosure on Monday.
The record date for entitlement of dividend is June 18.
The company has also reported EPS of Tk. 1.56, NAV per share of Tk. 25.87 and NOCFPS of Tk. 3.19 for the year ended on December 31, 2018 as against Tk. 2.20, Tk. 25.31 and Tk. 2.93 respectively for the same period of the previous year.
There will be no price limit on the trading of the shares of the company today (Monday) following its corporate declaration.
The company disbursed 10 per cent cash in 2017.
Each share of the company, which was listed on the Dhaka bourse in 1990, closed at Tk 19 on Sunday.
In the last one year, its share traded between Tk 15.80 and Tk 27 each.
The company’s paid-up capital is Tk 462 million and authorised capital is Tk 2.0 billion while the total number of securities is 46.20 million.
The sponsor-directors own 17.79 per cent stake in the company, while the institutional investors own 29.64 per cent and the general public 52.57 per cent as on March 31, 2018, the DSE data shows.