The board of directors of Purabi General Insurance Company has recommended 5.0 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2020.
The dividend was recommended at the company's board meeting held on Wednesday, according to an official disclosure on Thursday.
The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on September 30 at 3:00 pm using the digital platform. The record date is set on July 27.
The non-life insurer has also reported earnings per share (EPS) of Tk 1.16, net asset value (NAV) per share of Tk 13.09, and net operating cash flow per share (NOCFPS) of Tk 1.54 for the year ended on December 31, 2020, as against Tk 1.01, Tk 12.90 and Tk 0.43 respectively for the same period of the previous year.
In 2019, the company disbursed a 10 per cent cash dividend.
The general insurer also published its first quarter (Q1) financial statements on Thursday. The company's Q1 earnings per share (EPS) jumped 92 per cent to Tk 0.48 for January-March, 2021 compared to the same period of the previous year.
Each share of the company, which was listed on the DSE in 1995, closed at Tk 49.20 on Wednesday at the DSE. Its shares traded between Tk 12 and Tk 54.70 in the last one year.
The company's paid-up capital is Tk 553.05 million, authorised capital is Tk 1.0 billion and the total number of securities is 55.30 million.
The sponsor-directors own 31.75 per cent stake in the company while the institutional investors own 22.57 per cent and the general public 45.68 per cent as of May 31, 2021, the DSE data shows.
There will be no price limit on the trading of the shares of the company on July 5 (Monday) following its corporate declaration.
