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The Financial Express
Swasti Lankabangla Swasti Lankabangla

Three more banks recommend dividend

| Updated: May 01, 2018 19:18:04


Three more banks recommend dividend

The boards of directors of three more listed banks – Jamuna Bank, Trust Bank, and Dhaka Bank – have recommended dividend for the year ended on December 31, 2017, according to separate official disclosures on Monday.

Jamuna Bank: The board of directors has recommended 22 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 (AGM) scheduled to be held on June 24 in Dhaka.

The record date for entitlement of dividend is May 22.

The bank has also reported consolidated earnings per share (EPS) of Tk 3.38, consolidated net asset value (NAV) per share of Tk 25.12 and consolidated net operating cash flow per share (NOCFPS) of Tk 3.98 for the year ended on December 31, 2017 as against Tk 2.92, Tk 25.70 and Tk (7.27) respectively for the same period of the previous year.

In 2016, the company also disbursed 20.50 per cent cash dividend.

Each share of the bank, which was listed on the Dhaka bourse in 2006, closed at Tk 20 on Thursday last at the Dhaka Stock Exchange (DSE).

Trust Bank: The board of directors has recommended 20 per cent cash dividend for the year ended on December 31, 2017.

The AGM will be held on June 23 and the record date in on May 22.

The bank has also reported consolidated EPS of Tk 3.14, consolidated NAV per share of Tk 22.40 and consolidated NOCFPS of Tk (23.12) for the year ended on December 31, 2017 as against Tk 3.62, Tk 20.68 and Tk 26.32 respectively for the same period of the previous year.

In 2016, the bank disbursed 15 per cent cash and 5.0 per cent stock dividend.

Each share of the bank, which was listed on the Dhaka bourse in 2007, closed at Tk 39.30 on Thursday last at the Dhaka Stock Exchange (DSE).

Dhaka Bank: The board of directors has recommended 12.50 per cent stock dividend for the year ended on December 31, 2017.

The AGM will be held on June 28 and the record date is on May 21.

The bank has also reported consolidated EPS of Tk 2.23, consolidated NAV per share of Tk 21.91 and Consolidated NOCFPS of Tk (17.04) for the year ended on December 31, 2017 as against Tk 2.15, Tk 20.65 and Tk 8.37 respectively for the same period of the previous year.

In 2016, the company also disbursed 10 per cent cash and 5.0 per cent stock dividend.

Each share of the bank, which was listed on the Dhaka bourse in 2000, closed at Tk 16.70 on Thursday last at the Dhaka Stock Exchange (DSE).

There will be no price limit on the trading of the shares of these banks on today (Monday) following their corporate declarations.

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