The board of directors of Bank Asia Limited has recommended 12.50 per cent stock dividend for the year ended on December 31, 2017.
The final approval of the dividend will come during the annual general meeting scheduled to be held on May 14 in Dhaka, said an official disclosure on Monday.
The record date for entitlement of dividend is April 26.
The bank has also reported consolidated earnings per share (EPS) of Tk 2.14, consolidated net asset value (NAV) per share of Tk 21.21 and consolidated net operating cash flow per share (NOCFPS) of minus Tk 2.47 for the year ended on December 31, 2017 as against Tk 1.67, Tk 19.11 and Tk 4.67 respectively for the same period of the previous year.
In 2016, the company disbursed 12 per cent stock dividend.
There will be no price limit on the trading of the shares of the bank today (Monday) following its corporate declaration.
Each share of the bank, which was listed on the Dhaka bourse in 2004 closed at Tk 19.10 on Sunday at the Dhaka Stock Exchange (DSE).
The bank’s paid-up capital is Tk 9.87 billion and authorised capital is Tk 15 billion while the total number of securities is 987.01 million.
The sponsor-directors own 51.66 per cent stake in the bank, while the institutional investors 30.90 per cent, foreign 0.65 per cent and the general public 16.79 per cent as on February 28, 2018, the DSE data shows.
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