Loading...
The Financial Express

MTB, Southeast Bank declare dividend

| Updated: July 04, 2020 10:10:14


Representational image Representational image

The board of directors of two more banks – Mutual Trust Bank and Southeast Bank Ltd - has recommended dividends for the year ended on December 31, 2019, according to separate official disclosure on Wednesday.

MTB: The board of directors of Mutual Trust Bank Ltd has recommended 5.0 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2019.

The annual general meeting (AGM) will be held on August 27 at 3:00pm through a digital platform. The record date is July 21.

The bank has also reported consolidated earnings per share (EPS) of Tk 2.03, consolidated net asset value (NAV) per share of Tk 23.16 and consolidated net operating cash flow per share (NOCFPS) of Tk 12.62 for the year ended on December 31, 2019 as against Tk 2.73, Tk 18.94 and Tk 0.23 respectively for the same period of the previous year.

Each share of the bank, which was listed on the Dhaka bourse in 2003, closed at Tk 24.10 on Tuesday.

Its share traded between Tk 20.60 and Tk 35.50 in the last one year.

In 2018, the bank disbursed 11 per cent stock dividend.

The bank’s paid-up capital is Tk 7.03 billion, authorised capital is Tk 10 billion and the total number of securities is 703.45 million.

Sponsor-directors own 43.90 per cent stake in the bank while institutional investors own 21.18 per cent and general public 34.92 per cent as on February 29, 2020, the DSE data showed.

Southeast Bank: The board of directors of Southeast Bank has recommended 7.50 per cent cash and 2.50 per cent stock dividend for the year ended on December 31, 2019.

The AGM will be held on September 16 at 11:00pm through a digital platform. The record date is July 28.

The bank has also reported consolidated EPS of Tk 2.16, consolidated NAV per share of Tk 26.29 and consolidated NOCFPS of Tk 11.68 for the year ended on December 31, 2019 as against Tk 2.13 (Restated), Tk 26.66 and Tk 3.37 respectively for the same period of the previous year.

Each share of the bank, which was listed on the Dhaka bourse in 2000, closed at Tk 11.30 on Tuesday.

Its share traded between Tk 10.30 and Tk 14.70 in the last one year.

In 2018, the bank disbursed 10 per cent stock dividend.

The bank’s paid-up capital is Tk 11.59 billion, authorised capital is Tk 15 billion and the total number of securities is 1.15 billion.

Sponsor-directors own 25.13 per cent stake in the bank while institutional investors own 33.20 per cent, foreign investors 5.15 per cent and general public 36.52 per cent as on February 29, 2020, the DSE data showed.

There will be no price limit on the trading of the shares of the two banks tomorrow (Thursday) following their corporate declaration as the market closed today due to Bank Holiday.

However, as per the BSEC Order dated March 19, 2020, the floor price shall be applicable accordingly.

babulfexpress@gmail.com

Share if you like