The board of directors of seven more listed companies, including two banks, have recommended a dividend between 2.0 per cent and 20 per cent for the year ended on December 31, 2020.
The companies are NRB Commercial Bank, Social Islami Bank, Eastern Insurance, Peoples Insurance, City General Insurance, Rupali Insurance, and Padma Life Insurance, according to separate official disclosure on Sunday.
NRB Commercial Bank: The newly listed NRB Commercial Bank has recommended 7.5 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2020.
The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on June 26 at 12:00 noon through the digital platform. The record date is set on May 31.
The bank has also reported consolidated EPS of Tk 2.37 (Basic), consolidated NAV per share of Tk 16.88 (Basic), and consolidated NOCFPS of Tk 14.46 (Basic), for the year ended on December 31, 2020 as against Tk 1.98, Tk 14.08 and Tk 12.54 respectively for the same period of the previous year.
The bank also informed that the stock dividend was recommended to strengthen the capital base of the company to support business growth.
SIBL: The Social Islami Bank has recommended 5.0 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2020.
The AGM will be held on July 6 at 11:00 am through the digital platform. The record date is set on June 1.
The bank has also reported consolidated EPS of Tk. 1.67, consolidated NAV per share of Tk. 19.29 and consolidated NOCFPS of Tk. 3.87 for the year ended on December 31, 2020 as against Tk. 1.63, Tk. 18.46 and Tk. 19.53 (restated) respectively for the same period of the previous year.
The bank has informed that NOCFPS has been decreased compared to the previous year mainly due to decrease of customer deposit and cash outflow for investment to customers.
Eastern Insurance: Eastern Insurance has recommended a 20 per cent cash dividend for the year ended on December 31, 2020.
The AGM will be held on July 29 at 11:30 am through the digital platform. The record date is set on May 25.
The company has also reported EPS of Tk 3.33, NAV per share of Tk 47.33 and NOCFPS of Tk 4.13 for the year ended on December 31, 2020 as against Tk 3.65, Tk 44.54 and Tk 3.25 respectively for the same period of the previous year.
Peoples Insurance: Peoples Insurance has recommended 11 per cent cash dividend for the year ended on December 31, 2020.
The AGM will be held on June 29 at 11:30 am through the digital platform. The record date is set on May 30.
The company has also reported EPS of Tk. 2.26, NAV per share of Tk. 28.60 and NOCFPS of Tk. 4.43 for the year ended on December 31, 2020 as against Tk. 1.87, Tk. 27.14 and Tk. 3.38 respectively for the same period of the previous year.
City General Insurance: City General Insurance has recommended 10 per cent cash dividend for the year ended on December 31, 2020.
The AGM will be held on June 30 at 11:00 am through the digital platform. The record date is set on May 24.
The company has also reported EPS of Tk. 1.77, NAV per share of Tk. 16.88 and NOCFPS of Tk. 1.69 for the year ended on December 31, 2020 as against Tk. 1.01, Tk. 15.68 and Tk. 0.66 respectively for the same period of the previous year.
Rupali Insurance: Rupali Insurance has recommended a 10 per cent cash dividend for the year ended on December 31, 2020.
The AGM will be held on August 3 at 11:00 am through the digital platform. The record date is set on June 10.
The company has also reported EPS of Tk. 1.90, NAV per share of Tk. 21.30 and NOCFPS of Tk. 2.12 for the year ended on December 31, 2020 as against Tk. 1.75, Tk. 21.06 and Tk. 0.24 respectively for the same period of the previous year.
Padma Life Insurance: The Padma Life Insurance has declared 2.0 per cent interim cash dividend for the year ending on December 31, 2021 based on three months un-audited financials for the period ended on March 31, 2021.
Record date for entitlement of interim cash dividend is set on May 27.
There will be no price limit on the trading of the shares of these companies today following their corporate declarations, however, as per the BSEC order dated March 19, 2020, the floor price shall be applicable accordingly.
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