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The board of directors of Republic Insurance Company Limited has recommended 10 per cent stock 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 June 27 in Dhaka, said an official disclosure on Monday.
The record date for entitlement of dividend is May 23.
The company has also reported EPS of Tk 1.55, NAV per share of Tk 14.82 and NOCFPS of Tk (0.28) for the year ended on December 31, 2018 as against Tk 1.51 (restated), Tk 14.92 and Tk 0.64 respectively for the same period of the previous year.
In 2017, the company disbursed 12.50 per cent stock dividend.
There will be no price limit on the trading of the shares of the company today (Monday) following its corporate declaration.
Each share of the company, which was listed on the Dhaka bourse in 2009, closed at Tk 18.90 on Sunday.
In the last one year, its share traded between Tk 18.50 and Tk 42.70 each.
The company’s paid-up capital is Tk 393.99 million and authorised capital is Tk 1.0 billion while the total number of securities is 39.39 million.
The sponsor-directors own 50.26 per cent stake in the company, while the institutional investors own 7.14 per cent, and the general public 42.60 per cent as on March 31, 2018, the DSE data shows.