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Prime Insurance recommends 15pc cash dividend

FE Online Report | Published: February 08, 2018 12:01:34 | Updated: February 10, 2018 17:51:53


The board of directors of Prime Insurance Company Limited has recommended 15 per cent cash dividend for the year ended on December 31, 2017, said an official disclosure on Thursday.

The final approval will come during the annual general meeting (AGM) of the insurance company scheduled to be held on March 29 at 11:00am in Dhaka.

The record date for entitlement of dividend is on March 6.

The company has also reported earnings per share (EPS) of Tk 2.17, consolidated net asset value (NAV) per share of Tk 17.26 and net operating cash flow per share (NOCFPS) of Tk 0.51 for the year ended on December 31, 2017 as against Tk 1.82, Tk 16.39 and Tk (1.36) respectively for the same period of the previous year.

There will be no price limit on the trading of the company’s share trading today (Thursday) following its corporate declaration.

In 2016, the company disbursed 13 per cent cash dividend.

Each share of the company, which was listed on the Dhaka bourse in 2001, closed at Tk 18 on Wednesday at Dhaka Stock Exchange (DSE).

The company’s paid-up capital is Tk 408.78 million and authorised capital is Tk 1.0 billion, while the total number of securities is 40.87 million.

The sponsor-directors own 47.89 per cent stake in company, while institutional investors own 18.56 per cent and the general public 33.55 per cent as on December 28, 2017, the DSE data shows.

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