The board of directors of United Insurance has recommended 7.05 per cent cash and 5.95 per cent stock dividend for the year ended on December 31, 2018.
The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on April 28 at 10:00am in Dhaka, said an official disclosure.
The record date for entitlement of dividend is on April 08.
The insurer's net profit, however, fell 9.32 per cent to Tk 91.77 million for the year ended on December 31, 2018, from Tk 101.20 million in 2017.
The company has also reported earnings per share (EPS) of Tk 2.18, net asset value (NAV) per share of Tk 32.95 and net operating cash flow per share (NOCFPS) of Tk 0.42 for the year ended on December 31, 2018 as against Tk 2.41, Tk 29.97 and Tk 1.07 respectively for the same period of the previous year.
The United Insurance, which was listed on the Dhaka bourse in 1990, disbursed 11 per cent cash dividend for the year ended on December 31, 2017.
Each share of the company closed at Tk 75.50 on Thursday at the Dhaka Stock Exchange (DSE).
In the last one year, its share price traded between Tk 19.30 and Tk 88.20 each.
The company's paid-up capital is Tk 420 million and authorised capital is Tk 500 million, while the total number of securities is 42 million.
The sponsor-directors own 45.50 per cent stake in the company, while institutional investors own 25.89 per cent and the general public 28.61 per cent as on February 28, 2019, the DSE data shows.
