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The Financial Express

Two more banks, one insurer recommend dividend

| Updated: April 28, 2019 11:13:57


Two more banks, one insurer recommend dividend

Two more banks and one insurance company have recommended dividend for the year ended on December 31, 2018.

The companies are Standard Bank, Export Import (Exim) Bank of Bangladesh and Karnaphuli Insurance.

There will be no price limit on the trading of the shares of these companies on Sunday (April 28) following their corporate declarations.

Standard Bank: 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 for the dividend will come at the annual general meeting (AGM) of the bank to be held in Dhaka on June 20. 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.

Each share of the bank, listed on the Dhaka Stock Exchange (DSE) 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 show.

Exim Bank: The board of directors of Export Import (Exim) Bank of Bangladesh has recommended 10 per cent cash dividend for the year ended on December 31, 2018.

The AGM of the bank will be held on June 17 in Dhaka and the record date is May 20.

The bank has also reported consolidated EPS of Tk 1.65, consolidated NAV per share of Tk 19.98 and consolidated NOCFPS of negative Tk 4.37 for the year ended on December 31, 2018 as against Tk 2.34, Tk 19.58 and Tk 4.02 respectively for the same period of the previous year.

In 2017, the bank disbursed 12.50 per cent cash dividend.

Each share of the bank, listed on the Dhaka bourse in 2004, closed at Tk 11.30 on Thursday.

In the last one year, its share traded between Tk 9.0 and Tk 14.90 each.

The bank's paid-up capital is Tk 14.12 billion and authorised capital is Tk 20 billion while the total number of securities is 1.41 billion.

The sponsor-directors own 40.66 per cent stake in the bank, while the institutional investors own 18.76 per cent, foreign investors 3.89 per cent, and the general public 36.69 per cent as on March 31, 2018, the DSE data show.

Karnaphuli Insurance: The board of directors of Karnaphuli Insurance Company has recommended 6.0 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2018.

The AGM of the company will be held on June 26 and the record date is May 20.

The company has also reported EPS of Tk 1.31, consolidated NAV per share of Tk 19.90 and consolidated NOCFPS of Tk 0.27 for the year ended on December 31, 2018 as against Tk 1.43 (restated), Tk 19.10 (restated), and Tk 1.91 (restated) respectively for the same period of the previous year.

In 2017, the company also disbursed 6.0 per cent cash and 5.0 per cent stock dividend.

Each share of the company, listed on the Dhaka bourse in 1995, closed at Tk 14.90 on Thursday.

In the last one year, its share traded between Tk 12.60 and Tk 27.30 each.

The company's paid-up capital is Tk 427.39 million and authorised capital is Tk 600 million while the total number of securities is 42.73 million.

The sponsor-directors own 30.18 per cent stake in the company, while the institutional investors own 5.60 per cent, and the general public 64.22 per cent as on March 31, 2018, the DSE data show.

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