The board of directors Takaful Insurance has recommended 5.0 per cent cash and 6.0 per cent stock dividend for the year ended on December 31, 2017, said an official disclosure on Wednesday.
The final approval of the dividend will come during the annual general meeting scheduled to be held on May 13 at 10:00am at Institution of Diploma Engineers Bangladesh in Dhaka.
The record date for entitlement of dividend is April 23.
The company has also reported earnings per share of Tk 1.90, net asset value per share of Tk 17.49 and net operating cash flow per share of Tk 0.59 for the year ended on December 31, 2017 as against Tk 1.30, Tk 15.99 and Tk 1.89 respectively for the same period of the previous year.
In 2016, the company disbursed 5.0 per cent cash and 5.0 stock dividends.
There will be no price limit on the trading of the shares of the bank today (Wednesday) following its corporate declaration.
Each share of the company, which was listed on the Dhaka bourse in 2008, closed at Tk 24.20 on Tuesday at the Dhaka Stock Exchange.
The company’s paid-up capital is Tk 379.02 million and authorised capital is Tk 1.0 billion while the total number of securities is 37.90 million.
The sponsor-directors own 42.72 per cent stake in the company, while the institutional investors 27.18 per cent, foreign 0.21 per cent and the general public own 29.89 per cent as on December 31, 2016, the DSE data shows.
babulfexpress@gmail.com