The board of directors of Social Islami Bank has recommended 10 per cent stock dividend for the year ended on December 31, 2017, said an official disclosure on Thursday.
The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on June 27 in Dhaka.
The record date for entitlement of dividend is May 22.
The bank has also reported consolidated earnings per share (EPS) of Tk 1.98, consolidated net asset value (NAV) per share of Tk 19.21 and consolidated net operating cash flow per share (NOCFPS) of Tk 7.60 for the year ended on December 31, 2017 as against Tk 3.10, Tk 19.22 and Tk 1.02 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 on Sunday (April 30) following its corporate declaration.
Each share of the company, which was listed on the Dhaka bourse in 2000, closed at Tk 19.90 on Thursday at the Dhaka Stock Exchange (DSE).
The company’s paid-up capital is Tk 7.38 billion and authorised capital is Tk 10 billion while the total number of securities is 738.29 million.
The sponsor-directors own 36.44 per cent stake in the bank, while the institutional investors own 43.08 per cent, foreign 1.39 per cent and the general public 19.09 per cent as on March 31, 2018, the DSE data shows.
