The board of directors of Green Delta Insurance has recommended 20 per cent cash dividend for the year ended on December 31, 2017, said an official disclosure on Monday.
The final approval will come during the annual general meeting (AGM) scheduled to be held on March 29 at 11:00am in Dhaka.
The record date for entitlement of dividend is March 5.
The company has also reported earnings per share (EPS) of Tk. 3.01, consolidated net asset value (NAV) per share of Tk. 79.47, and net operating cash flow per share (NOCFPS) of Tk minus 0.25 for the year ended on December 31, 2017 as against Tk. 3.08, Tk. 69.93, and Tk minus 0.16 respectively for the same period of the previous year.
There will be no price limit on the trading of the company’s share trading today (Monday) following its corporate declaration.
In 2016, the company disbursed 20 per cent cash dividend.
Each share of the company, which was listed on the Dhaka bourse in 1989, closed at Tk 67 on Sunday at Dhaka Stock Exchange (DSE).
The company’s paid-up capital is Tk 806.91 million and authorised capital is Tk 5.0 billion, while the total number of securities is 80.69 million.
The sponsor-directors own 56.52 per cent stake in company, while institutional investors own 13.36 per cent, foreign 8.25 per cent, and the general public 21.87 per cent as of January 31, 2018, the DSE data shows.
