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The board of directors of Standard Insurance Company Ltd 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 20 in Dhaka, said an official disclosure on Tuesday.
The record date for entitlement of dividend is May 22.
The company has also reported EPS of Tk. 2.01, NAV per share of Tk. 17.75 and NOCFPS of Tk. 3.44 for the year ended on December 31, 2018 as against Tk. 1.47 (restated), Tk. 15.73 and Tk. 2.24 respectively for the same period of the previous year.
In 2017, the company also disbursed 10 per cent stock dividend.
Each share of the company, which was listed on the Dhaka bourse in 2007, closed at Tk 12.50 on Tuesday, losing 4.58 per cent over the previous day.
In the last one year, its share traded between Tk 19.20 and Tk 44.20 each.
The company’s paid-up capital is Tk 393.61 million and authorised capital is Tk 1.0 billion while the total number of securities is 39.36 million.
The sponsor-directors own 52.40 per cent stake in the company, while the institutional investors own 4.09 per cent and the and the general public 43.51 per cent as on March 31, 2018, the DSE data shows.