The board of directors of Peoples Insurance Company Ltd has recommended a 12.50 per cent cash dividend for the year ended on December 31, 2021, says a press release.
The board of directors made the dividend recommendation at its 411th meeting held on a digital platform recently, with its Chairman Jafar Ahmed Patwari in the chair. The company's Vice-Chairman Mohammed Anowarul Haque and other directors of the company were also present.
The annual general meeting (AGM) will be held on June 28 on a digital platform. The record date for the entitlement of dividend is set on May 25.
The company's profit after tax stood at Tk 212.20 million for the year ended on December 31, 2021 as against Tk 160.07 million in the same period of the previous year.
The company has also reported earnings per share (EPS) of Tk 2.58 for the year ended on December 31, 2021 as against Tk 2.26 for the same period of the previous year.
The company's net asset value (NAV) per share stood at Tk 30.08 for the year ended on December 31, 2021 as against Tk 28.60 for the same period of the previous year.
Its net operating cash flow per share (NOCFPS) was Tk 4.66 for the year ended December 31, 2021 as against Tk 4.43 for the same period of the previous year. In 2020, the company disbursed 11 per cent cash dividend.
Each share of the company, listed on the DSE in 1990, closed at Tk 54.80 on Thursday.
Currently, the company's paid-up capital is Tk 462 million and authorised capital is Tk 2.0 billion while total number of securities is 46.20 million.
Sponsors hold 30.41 per cent stakes in the company, institutions 10.74 per cent and the general public 58.85 per cent as of March 31, 2022, according to DSE data.
