The board of directors of two more insurance companies have recommended dividends for the year ended on December 31, 2019, according to separate official disclosures on Tuesday.
Islami Insurance: The board of directors of Islami Insurance Bangladesh has recommended 5.0 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2019.
The annual general meeting will be held on October 10 at 10:30 am. The record date is August 13.
The company has also reported earnings per share (EPS) of Tk 1.68, net asset value (NAV) per share of Tk 14.85, and net operating cash flow per share (NOCFPS) of Tk. 2.03 for the year ended on December 31, 2019, as against Tk. 1.49, Tk. 14.17 and Tk. 2.34 respectively for the same period of the previous year.
There will be no price limit on the trading of the shares of the company today following its corporate declaration; however, as per the BSEC order dated March 19, 2020, the floor price shall be applicable accordingly.
Each share of the company, which was listed on the DSE in 2009, closed at Tk 23.50 on Monday.
The company also disclosed first-quarter financial statements on Tuesday. As per the Q1 reports, its EPS was Tk 0.45 for January-March 2020 as against Tk. 0.42 for January-March 2019.
Pragati Life Insurance: The board of directors of Pragati Life Insurance has recommended a 20 per cent cash dividend for the year ended on December 31, 2019.
The annual general meeting will be held on September 27 at 12 noon through a digital platform. The record date is August 12.
There will be no price limit on the trading of the shares of the Company today following its corporate declaration; however, as per the BSEC order dated March 19, 2020, the floor price shall be applicable accordingly.
Each share of the company, which was listed on the DSE in 2006, closed at Tk 96 on Monday.
