The Board of Directors of Bank Asia Ltd has recommended 5.0 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2018, said an official disclosure on Saturday.
The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on April 30 at 11:00am in Dhaka.
The record date for entitlement of dividend is on April 15.
The bank has also reported consolidated earnings per share (EPS) of Tk 2.01 for the year ended on December 31, 2018 as against Tk 1.90 in the previous year.
The consolidated net asset value (NAV) per share stood at Tk 20.88 for the year ended on December 31, 2018 as against Tk 18.85 in the previous year.
The consolidated net operating cash flow per share (NOCFPS) stood at Tk 3.15 for the year ended on December 31, 2018 as negative Tk 2.20 for the previous year.
The Bank Asia, which was listed on the Dhaka bourse in 2004, disbursed 12.50 per cent stock dividend for the year ended on December 31, 2017.
Each share of the bank closed at Tk 19 on Thursday at the Dhaka Stock Exchange (DSE).
In the last one year, its share traded between Tk 15.30 and Tk 21.10 each.
The bank’s paid-up capital is Tk 11.10 billion and authorised capital is Tk 15 billion, while the total number of securities is 1.11 billion.
The sponsor-directors own 52.25 per cent stake in the bank, while the institutional investors own 31.23 per cent, foreign investors 0.42 per cent and the general public 16.10 per cent as on February 28, 2019, the DSE data shows.
