The board of directors of Eastern Bank Limited (EBL) has recommended 20 per cent cash dividend for the year ended on December 31, 2017, said an official disclosure on Wednesday.
The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on June 5 in Dhaka.
The record date for entitlement of dividend is May 20.
The bank has also reported consolidated EPS of Tk. 3.29, consolidated NAV per share of Tk 29.64 and consolidated NOCFPS of minus Tk 9.21 for the year ended on December 31, 2017 as against Tk 3.68, Tk 28.23 and minus Tk 7.63 respectively for the same period of the previous year.
In 2016, the company also disbursed 20 per cent cash and 5.0 per cent stock dividend.
There will be no price limit on the trading of the shares of the bank on today (Wednesday) following its corporate declaration.
Each share of the bank, which was listed on the Dhaka bourse in 1993, closed at Tk 40.20 on Tuesday at the Dhaka Stock Exchange (DSE).
The bank’s paid-up capital is Tk 7.38 billion and authorised capital is Tk 12 billion while the total number of securities is 737.99 million.
The sponsor-directors own 31.56 per cent stake in the bank, while the institutional investors own 43.51 per cent, foreign 0.51 per cent and the general public 24.42 per cent as on March 31, 2018, the DSE data shows.
