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The board of directors of Pubali Bank has recommended 10 per cent stock dividend for the year ended on December 31, 2017.
The final approval of the dividend will come during the annual general meeting scheduled to be held on May 10 at 10:30am at the bank’s head office in Dhaka, said an official disclosure on Sunday.
The record date for entitlement of dividend is April 19.
The bank has also reported consolidated earnings per share of Tk 1.89, consolidated net asset value per share of Tk 27.12 and consolidated net operating cash flow per share of Tk 1.57 for the year ended on December 31, 2017 as against Tk 1.47 (restated), Tk 25.70 (restated) and Tk 7.63 (restated) respectively for the same period of the previous year.
In 2016, the bank disbursed 5.0 per cent cash and 8.0 stock dividends.
There will be no price limit on the trading of the shares of the bank today (Sunday) following its corporate declaration.
Each share of the bank, which was listed on the Dhaka bourse in 1984, closed at Tk 24.20 on Thursday at the Dhaka Stock Exchange.
The bank’s paid-up capital is Tk 9.50 billion and authorised capital is Tk 20 billion while the total number of securities is 950.80 million.
The sponsor-directors own 30.04 per cent stake in the bank, while the institutional investors 23.04 per cent, foreign 1.53 per cent and the general public 45.39 per cent as on February 28, 2108, the DSE data shows.