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The Financial Express

Two more banks recommend dividend

FE ONLINE REPORT | Published: June 28, 2020 13:12:30 | Updated: June 29, 2020 15:53:23


Two more banks recommend dividend

The board of directors of two more banks - Social Islami Bank Ltd (SIBL) and ONE Bank Ltd - have recommended dividend for the year ended on December 31, 2019, according to separate official disclosures on Sunday.

SIBL: The board of directors of Social Islami Bank Ltd has recommended 5.0 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2019.

The annual general meeting (AGM) will be held on September 15 at 11:00am. The venue will be notified later. The record date is July 26.

The company has also reported consolidated EPS of Tk 1.71, consolidated NAV per share of Tk 19.38 and consolidated NOCFPS of Tk 20.51 for the year ended on December 31, 2019 as against Tk. 1.79, Tk. 17.67 and negative Tk. 10.17 respectively for the same period of the previous year.

There will be no price limit on the trading of the shares of the company today following its corporate declaration; however, as per the BSEC Order dated March 19, 2020, the floor price shall be applicable accordingly.

Each share of the bank, which was listed on the Dhaka bourse in 2000, closed at Tk 11.80 on Thursday last.

In 2018, the bank disbursed 10 per cent stock dividend.

ONE Bank: The board of directors of ONE Bank Ltd has also recommended 5.0 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2019.

The GM will be held on August 13 at 11:00am at Police Convention Hall in Dhaka.

The record date is July 16.

The company has reported consolidated EPS of Tk 1.91, consolidated NAV per share of Tk 19.12 and Consolidated NOCFPS of Tk. 7.55 for the year ended on December 31, 2019 as against Tk. 1.67 (restated), Tk. 17.21 (restated) and Tk. 6.69 (restated) respectively for the same period of the previous year.

There will be no price limit on the trading of the shares of the company today following its corporate declaration; however, as per the BSEC Order dated March 19, 2020, the floor price shall be applicable accordingly.

Each share of the bank, which was listed on the Dhaka bourse in 2003, closed at Tk 8.70 on Thursday last.

In 2018, the bank disbursed 10 per cent stock dividend.

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