The board of directors of National Life Insurance Company has recommended 20 per cent cash dividend and 15 per cent stock dividend for the year ended on December 31, 2016, said an official disclosure on Wednesday.
The final approval will come during the annual general meeting (AGM) scheduled to be held on September 26 at 11:00am at Karwan Bazar in Dhaka.
The record date for entitlement of dividend is on August 8.
There will be no price limit on the trading of the shares of the Company today following its corporate declaration.
Each share of the company, which was listed on the Dhaka bourse in 1995, closed at Tk 176.90 on Tuesday at Dhaka Stock Exchange (DSE).
The company’s paid-up capital is Tk 820.50 million and authorised capital is Tk 2.0 billion, while the total number of securities is 82.05 million.
Sponsor-directors own 53.50 per cent stake in the company, while institutional investors own 40.46 per cent and general public 6.04 per cent as on June 30, 2017, the DSE data shows.
-bb/rmc//
