Two more general insurance companies – Standard Insurance and Mercantile Insurance- have declared dividends for the year ended on December 31, 2020.
Standard Insurance: The board of directors of Standard Insurance has recommended 12.50 per cent cash 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 July 8 at 11:00 am using the digital platform.
The record date is set on June 13, the company said in a filing with the Dhaka Stock Exchange (DSE) on Monday.
The insurer has also reported EPS of Tk 2.07, NAV per share of Tk 19.09 and NOCFPS of Tk. 2.87 for the year ended on December 31, 2020 as against Tk. 1.88, Tk. 18.02 and Tk. 2.44 respectively for the same period of the previous year.
The general insurer also published first quarter (Q1) un-audited financial statements for January-March, 2021 on Monday. As per the Q1 reports, EPS was Tk 0.67 for January-March 2021 as against Tk 0.55 for January-March 2020.
Each share of the company, which was listed on the DSE in 2008, closed at Tk 56.80 on Sunday. Its share traded between Tk 36 and Tk 57.20 in the last one year.
The company disbursed 10 per cent cash dividend for the year ended on December 31, 2019.
The company’s paid-up capital is Tk 432.97 million, authorised capital is Tk 1.0 billion and the total number of securities is 43.29 million.
The sponsor-directors own 51.36 stakes in the company while the institutional investors own 6.47 per cent and the general public 42.17 per cent as of March 31, 2021, the DSE data shows.
Mercantile Insurance: The board of directors of Mercantile has recommended 10 per cent cash 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 30 at 11:00 am using the digital platform.
The record date is set on June 16, the company said in a filing with the Dhaka Stock Exchange on Monday.
The company has also reported EPS of Tk 1.68, NAV per share of Tk 19.05 and NOCFPS of Tk 1.08 for the year ended on December 31, 2020 as against Tk 1.43, Tk 18.27 and Tk 1.02 respectively for the same period of the previous year.
The general insurance company also published first quarter (Q1) un-audited financial statements for January-March, 2021 on Monday. As per the Q1 reports, EPS was Tk 0.72 for January-March 2021 as against Tk 0.33 for January-March 2020.
Each share of the company, which was listed on the DSE in 2004, closed at Tk 51.80 on Sunday. Its share traded between Tk 24.60 and Tk 55 in the last one year.
The company disbursed 7.0 per cent dividend for the year ended on December 31, 2019.
The company’s paid-up capital is Tk 430.95 million, authorised capital is Tk 1.0 billion and the total number of securities is 43.09 million.
The sponsor-directors own 32.85 stakes in the company while the institutional investors own 14.80 per cent and the general public 52.35 per cent as of March 31, 2021, the DSE data shows.
There will be no price limit on the trading of the shares of the companies following their corporate declarations; however, as per the BSEC order dated March 19, 2020, the floor price shall be applicable accordingly.
