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The board of directors of Uttara Bank Limited has recommended 20 per cent cash dividend for the year ended on December 31, 2017, said an official disclosure on Monday.
The final approval of the dividend will come during the Annual General Meeting (AGM) scheduled to be held on May 24 in Dhaka.
The record date for entitlement of dividend is May 3.
The bank has also reported consolidated earnings per share (EPS) of Tk 3.83, consolidated net asset value (NAV) per share of Tk 34.81 and consolidated net operating cash flow per share (NOCFPS) of minus Tk 7.17 for the year ended on December 31, 2017 as against Tk 3.86, Tk 33.52 and Tk 24.65 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 today (Monday) following its corporate declaration.
Each share of the bank, which was listed on the Dhaka bourse in 1984 closed at Tk 27.60 on Sunday at the Dhaka Stock Exchange (DSE), losing 3.15 per cent over the previous session.
The bank’s paid-up capital is Tk 4.0 billion and authorised capital is Tk 6.0 billion while the total number of securities is 400.08 million.
The sponsor-directors own 18.15 per cent stake in the bank, while the institutional investors 20.68 per cent, foreign 2.22 per cent and the general public 58.95 per cent as on March 29, 2018, the DSE data shows.