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The Financial Express
Swasti Lankabangla Swasti Lankabangla

Southeast Bank recommends 15pc stock dividend

| Updated: April 30, 2018 15:34:12


SEBL recommends 15pc stock dividend

The board of directors of Southeast Bank Limited (SEBL) has recommended 15 per cent stock dividend for the year ended on December 31, 2017, said an official disclosure on Sunday.

The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on June 25 in at Officers’ Club in Dhaka.

The record date for entitlement of dividend is May 23.

The bank has also reported consolidated earnings per share (EPS) of Tk 1.27, consolidated net asset value (NAV) per share of Tk 28.16 and consolidated net operating cash flow per share (NOCFPS) of Tk 1.87 for the year ended on December 31, 2017 as against Tk 2.66, Tk 28.93 and Tk 12.57 respectively for the same period of the previous year.

In 2016, the company also disbursed 20 per cent cash dividend.

There will be no price limit on the trading of the shares of the bank on Monday (April 30) following its corporate declaration.

Each share of the company, which was listed on the Dhaka bourse in 2000, closed at Tk 19.20 on Thursday last at the Dhaka Stock Exchange (DSE).

In last one year, the bank’s share price hovered between Tk 17 and Tk 24 each.

The company’s paid-up capital is Tk 9.16 billion and authorised capital is Tk 15 billion while the total number of securities is 916.95 million.

The sponsor-directors own 32.34 per cent stake in the bank, while the institutional investors own 29.67 per cent, foreign 6.81 per cent and the general public 31.19 per cent as on March 29, 2018, the DSE data shows.

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