The board of directors of Premier Bank Limited has recommended 15.50 per cent stock dividend for the year ended on December 31, 2018.
The final approval of dividend will come during the Annual General Meeting (AGM) scheduled to be held on May 12 at 10:30am at International Convention City Bashundhara in Dhaka.
The record date for entitlement of the dividend is April 23.
The bank has also reported consolidated earnings per share (EPS) of Tk 2.84, consolidated net asset value (NAV) per share of Tk 19.27 and consolidated net operating cash flow per share (NOCFPS) of Tk 2.75 for the year ended on December 31, 2018 as against Tk 2.46, Tk 16.45 and Tk 3.10 respectively for the same period of the previous year.
In 2017, the bank disbursed 15 per cent stock dividend.
There will be no price limit on the trading of the shares of the company on today (Monday) following its corporate declaration.
Each share of the bank, which was listed on the Dhaka bourse in 2007, closed at Tk 13.70 on Sunday at the Dhaka Stock Exchange (DSE).
In the last one year, its share traded between Tk 9.70 and Tk 17.17 per cent each.
The bank’s paid-up capital is Tk 8.0 billion and authorised capital is Tk 10 billion while the total number of securities is 800.08 million.
The sponsor-directors own 35.22 per cent stake in the company, while the institutional investors own 17 per cent, and the general public 47.78 per cent as on February 28, 2018, the DSE data shows.
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