The board of directors of Standard Bank 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 June 20 June in Dhaka, said an official disclosure.
The record date for entitlement of dividend is May 30.
The bank has also reported consolidated earnings per share (EPS) of Tk 1.44, consolidated net asset value (NAV) per share of Tk 17.01 and consolidated net operating cash flow per share (NOCFPS) of Tk 2.69 for the year ended on December 31, 2018 as against Tk 1.42, Tk 15.40 and Tk 0.77 respectively for the same period of the previous year.
In 2017, the bank also disbursed 10 per cent stock dividend.
There will be no price limit on the trading of the shares of the bank on Sunday next (April 28) following its corporate declaration.
Each share of the bank, which was listed on the Dhaka bourse in 2003, closed at Tk 10.30 on Thursday.
In the last one year, its share traded between Tk 9.50 and Tk 13.20 each.
The bank’s paid-up capital is Tk 8.70 billion and authorised capital is Tk 15 billion while the total number of securities is 870.98 million.
The sponsor-directors own 38.93 per cent stake in the bank, while the institutional investors own 21.03 per cent, foreign investors 2.42 per cent, and the general public 37.62 per cent as on March 31, 2018, the DSE data shows.
