The board of directors of Rupali Bank Ltd has recommended 10 per cent stock dividend for the year ended on December 31, 2018.
The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on July 17 in Dhaka, said an official disclosure on Thursday.
The record date for entitlement of dividend is May 23.
The bank has also reported consolidated EPS of Tk. 1.09, consolidated NAV per share of Tk. 45.73, and Consolidated NOCFPS of Tk. 84.45 for the year ended on December 31, 2018 as against Tk. 1.60 (restated), Tk. 35.54 (restated), and Tk. 30.32 (restated) respectively for the same period of the previous year.
There will be no price limit on the trading of the shares of the bank today (Thursday) following its corporate declaration.
In 2017, the bank also disbursed 10 per cent stock dividend.
Each share of the bank, which was listed on the Dhaka bourse in 1986, closed at Tk 40.80 on Tuesday last.
Last year, the bank's share traded between Tk 33.30 and Tk 58 each.
The bank’s paid-up capital is Tk 3.76 billion and authorised capital is Tk 7.0 billion while the total number of securities is 376.51 million.
The government owns 90.19 per cent stake in the bank, while the institutional investors own 3.59 per cent, and the general public 6.22 per cent as on March 31, 2018, the DSE data shows.
