The board of directors of Paramount Insurance Company has recommended 10 per cent stock dividend for the year ended on December 31, 2017, said an official disclosure on Thursday.
The final decision on dividend approval will come during the annual general meeting (AGM) scheduled to be held on June 9 in Dhaka.
The record date for entitlement of dividend is May 22.
The insurer has also reported earnings per share (EPS) of Tk 1.43, net asset value (NAV) per share of Tk 14.28, and net operating cash flow per share (NOCFPS) of Tk 1.08 for the year ended on December 31, 2017 as against Tk. 0.99, Tk. 13.04, and Tk. 2.65 respectively for the same period of the previous year.
In 2016, the company disbursed 2.0 per cent cash and 8.0 per cent stock dividend.
There will be no price limit on the trading of the shares of the bank today (Thursday) following its corporate declaration.
Each share of the company, which was listed on the Dhaka bourse in 2007, closed at Tk 15.40 on Wednesday at the Dhaka Stock Exchange (DSE).
The company’s paid-up capital is Tk 287.65 million and authorised capital is Tk 600 million while the total number of securities is 28.76 million.
The sponsor-directors own 42.78 per cent stake in the company, while the institutional investors own 20.77 per cent, and the general public 36.45 per cent as on March 29, 2018, the DSE data shows.