Four more listed companies, including three insurers, have recommended dividends for the year ended on December 31, 2019, according to separate official disclosures on Wednesday.
The companies are: Provati Insurance, Sonar Bangla Insurance, Karnaphuli Insurance and Midas Financing Ltd.
Provati Insurance: The board of directors of the Provati Insurance Company has recommended 12 per cent cash dividend for the year ended on December 31, 2019.
The final approval will come during the annual general meeting (AGM) scheduled to be held on September 15 at 11:00 am through a digital platform.
The record date is August 5.
The insurer has also reported EPS of Tk. 2.38, NAV per share of Tk. 18.94 and NOCFPS of Tk. 5.48 for the year ended on December 31, 2019 as against Tk. 1.77, Tk. 17.59 and Tk. 2.53 respectively for the same period of the previous year.
Sonar Bangla Insurance: The board of directors of the company has recommended a 10 per cent cash dividend for the year ended on December 31, 2019.
The AGM will be held on October 25 at 11:00 am through a digital platform.
The record date is August 25.
The company has also reported consolidated EPS of Tk. 1.99, Consolidated NAV per share of Tk. 18.56 and Consolidated NOCFPS of Tk. 1.37 for the year ended on December 31, 2019, as against Tk. 1.81, Tk. 17.06 and Tk. 1.02 respectively for the same period of the previous year.
Karnaphuli Insurance: The board of directors of the company has recommended a 10 per cent cash dividend for the year ended on December 31, 2019.
The AGM will be held on September 2 at 11:30 am through a digital platform.
The record date is August 12.
The company has also reported EPS of Tk. 1.10, NAV per share of Tk. 18.22 and NOCFPS of Tk. 0.17 for the year ended on December 31, 2019, as against Tk. 1.25 (restated), Tk. 17.69 (restated) and Tk. 0.26 (restated) respectively for the same period of the previous year.
Midas Financing: The board of directors of the non-bank financial institution has recommended 2.5 per cent cash and 2.5 per cent stock dividend for the year ended on December 31, 2019.
The AGM will be held on August 25 at 11:00 am through a digital platform.
The record date is August 5.
The company has also reported consolidated EPS of Tk. 0.68, Consolidated NAV per share of Tk. 11.38 and consolidated NOCFPS of Tk. (1.91) for the year ended on December 31, 2019, as against Tk. 0.09 (restated), Tk. 10.71 (restated) and Tk. (2.18) (restated) respectively for the same period of the previous year.
There will be no price limit on the trading of the shares of these companies today following their corporate declarations, however, as per the BSEC Order dated March 19, 2020, the floor price shall be applicable accordingly.
