The board of directors of City General Insurance Company Limited has recommended 10 per cent stock dividend for the year ended on December 31, 2017, said an official disclosure on Sunday.
The final approval of the dividend will come during the annual general meeting scheduled to be held on June 10 in Dhaka.
The record date for entitlement of dividend is April 26.
The Company has also reported earnings per share (EPS) of Tk. 1.10, net asset value (NAV) per share of Tk. 15.76, and net operating cash flow per share (NOCFPS) of Tk. 0.82 for the year ended on December 31, 2017 as against Tk. 1.50, Tk. 15.60, and Tk. 0.57 respectively for the same period of the previous year.
In 2016, the company disbursed 10 per cent cash dividend.
There will be no price limit on the trading of the shares of the company today (Sunday) following its corporate declaration.
Each share of the bank, which was listed on the Dhaka bourse in 2007, closed at Tk 16.20 on Thursday last at the Dhaka Stock Exchange.
The company’s paid-up capital is Tk 619.69 million and authorised capital is Tk 2.0 billion while the total number of securities is 61.96 million.
The sponsor-directors own 39.82 per cent stake in the company, while the institutional investors 32.26 per cent, foreign 0.12 per cent, and the general public 27.80 per cent as on February 28, 2018, the DSE data shows.
