The board of directors of Prime Life Insurance Company Limited has recommended 10 per cent cash dividend for the year ended on December 31, 2017.
The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on December 27, at 11:00am at Police Convention Hall, Eskaton Garden in Dhaka.
The record date for entitlement of dividend is December 18, said an official disclosure on Tuesday.
Each share of the company, which was listed on the Dhaka Stock Exchange in 2007, closed at Tk 52.90 on Thursday.
In the last one year, its share traded between Tk 42.20 and Tk 61.40.
The company also disbursed 25 per cent cash dividend in 2016.
The company’s paid-up capital is Tk 305.20 million and authorised capital is Tk 500 million, while the number of securities is 30.52 million.
The sponsor-directors own 30.56 per cent stake in the company, while institutional investors own 47.20 per cent, foreign 0.18 per cent and the general public 22.06 per cent as on October 31, 2018.
