The board of directors of Brac Bank Ltd has recommended 15 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 10:00am at BRAC-CDM in Savar.
The record date for entitlement of dividend is on April 11.
The bank’s consolidated net profit stood at more than Tk 5.67 billion for the year ended on December 31, 2018 as against Tk 5.49 billion in the previous year.
The bank has also reported consolidated earnings per share (EPS) of Tk 5.17 for the year ended on December 31, 2018 as against Tk 4.86 in the previous year.
The consolidated net asset value (NAV) per share stood at Tk 32.87 for the year ended on December 31, 2018 as against Tk 24.80 in the previous year.
The consolidated net operating cash flow per share (NOCFPS) stood at Tk 9.77 for the year ended on December 31, 2018 as Tk 19.93 for the previous year.
The Brac Bank, which was listed on the Dhaka bourse in 2007, disbursed 25 per cent stock dividend for the year ended on December 31, 2017.
Each share of the bank closed at Tk 81.70 on Thursday at the Dhaka Stock Exchange (DSE).
In the last one year, its share traded between Tk 63 and Tk 108.40 each.
The bank’s paid-up capital is Tk 10.72 billion and authorised capital is Tk 20 billion, while the total number of securities is 1.07 billion.
The sponsor-directors own 44.30 per cent stake in the bank, while the institutional investors own 7.65 per cent, foreign investors 41.72 per cent and the general public 6.33 per cent as on February 28, 2019, the DSE data shows.
