The board of directors of Janata Insurance Company has recommended 6.0 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2020.
The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on July 29 at 11:00am through the digital platform.
The record date is set June 7, the company said in a filing with the Dhaka Stock Exchange (DSE) on Sunday.
The insurer has also reported earnings per share (EPS) of Tk 1.25, net asset value (NAV) per share of Tk 14.45 and net operating cash flow per share (NOCFPS) of Tk 2.11 for the year ended on December 31, 2019 as against Tk 1.08, Tk 14.22 and Tk 0.86 respectively for the same period of the previous year.
The non-life insurer also disclosed first quarter (Q1) financial statements on Sunday. As the Q1 reports, EPS was Tk 0.44 for January-March 2021 as against Tk. 0.40 for January-March 2020.
In 2019, the company disbursed 10 per cent cash dividend.
Each share of the company, which was listed on the DSE in 1994, closed at Tk 38.40 on Thursday last. Its shares traded between Tk 14.70 and Tk 44 in the last one year.
The company’s paid-up capital is Tk 422.84 million and authorised capital is Tk 1.0 billion, while the total number of securities is 42.28 million.
The sponsor-directors own 38.66 per cent stake in the company while the institutional investors own 10.02 per cent and the general public 51.32 per cent as on March 31, 2021, the DSE data shows.
There will be no price limit on the trading of the shares of the insurer today following its corporate declaration; however, as per the BSEC order dated March 19, 2020, the floor price shall be applicable accordingly.