The board of directors of Standard Bank Limited has recommended 10 per cent stock dividend for the year ended on December 31, 2017, said an official disclosure on Thursday.
The final approval of the dividend will come during the annual general meeting scheduled to be held on May 10 in Dhaka.
The record date for entitlement of dividend is April 25.
The bank has also reported consolidated EPS of Tk 1.56, consolidated NAV per share of Tk 16.94 and consolidated NOCFPS of Tk 0.84 for the year ended on December 31, 2017 as against Tk 1.37, Tk 15.88 and Tk 0.38 respectively for the same period of the previous year.
In 2016, the company disbursed 5.0 per cent cash and 5.0 per cent stock dividends.
There will be no price limit on the trading of the shares of the bank today (Thursday) following its corporate declaration.
Each share of the bank, which was listed on the Dhaka bourse in 2003, closed at Tk 13 on Wednesday at the Dhaka Stock Exchange.
The bank’s paid-up capital is Tk 7.91 billion and authorised capital is Tk 15 billion while the total number of securities is 791.80 million.
The sponsor-directors own 39.22 per cent stake in the bank, while the institutional investors 19.02 per cent, foreign 2.45 per cent and the general public 39.31 per cent as on February 28, 2018, according to DSE data.
