FE Today Logo

Jamuna Bank recommends 20pc cash dividend

BNICL to pay 12pc cash dividend


FE Report | April 23, 2019 00:00:00


The board of directors of Jamuna Bank has recommended 20 per cent cash dividend for the year ended on December 31, 2018.

The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on June 16 in Dhaka, said an official discourse on Sunday.

The record date is on May 15.

The bank has also reported consolidated earnings per share (EPS) of Tk 3.07, consolidated net asset value (NAV) per share of Tk 24.09 and consolidated net operating cash flow per share (NOCFPS) of negative Tk 0.02 for the year ended on December 31, 2018 as against Tk 2.77 (restated), Tk 20.59 (restated) and Tk 3.26 (restated) respectively for the same period of the previous year.

There will be no price limit on the trading of the shares of the bank today (Tuesday) following its corporate declaration.

In 2017, the bank disbursed 22 per cent stock dividend.

Each share of the bank, which was listed on the Dhaka Stock Exchange (DSE) in 2006, closed at Tk 18.10 on Sunday.

In the last one year, its share traded between Tk 13.60 and Tk 21.80 per cent each.

The bank's paid-up capital is Tk 7.49 billion and authorised capital is Tk 10 billion while the total number of securities is 749.22 million.

The sponsor-directors own 50.55 per cent stake in the bank, while the institutional investors own 3.96 per cent, and the general public 45.49 per cent as on March 31, 2019, the DSE data shows.

BNICL: The board of directors of Bangladesh National Insurance Company Ltd (BNICL) has recommended 12 per cent cash dividend for the year ended on December 31, 2018.

The AGM will be held on June 26 in Dhaka. The record date is on May 16.

The company has also reported EPS of Tk 2.00, NAV per share of Tk 18.02 and NOCFPS of Tk 1.27 for the year ended on December 31, 2018 as against Tk 1.64, Tk 17.05 and Tk 2.86 respectively for the same period of the previous year.

In 2017, the company disbursed 10 per cent cash dividend.

Each share of the company, which was listed on the DSE in 2016, closed at Tk 19.50 on Sunday, advancing 1.03 per cent over the previous day.

In the last one year, its share traded between Tk 13.50 and Tk 32.40 per cent each.

The company's paid-up capital is Tk 442.50 million and authorised capital is Tk 1.0 billion while the total number of securities is 44.25 million.

The sponsor-directors own 50.52 per cent stake in the company, while the institutional investors own 6.70 per cent, foreign investors 0.10 per cent and the general public 42.68 per cent as on March 31, 2019, the DSE data shows.

[email protected]


Share if you like