People’s Insurance, Union Capital recommend dividend

The board of directors of two more companies -- People’s Insurance Company and Union Capital -- have recommended dividend for the year ended on December 31, 2018 last week.

The board of directors of People’s Insurance Company has recommended 6.0 per cent cash dividend and Union Capital 5.0 per cent stock dividend, according to separate official disclosures.

People’s Insurance: The board of directors of Peoples Insurance Company has recommended 6.0 per cent cash dividend for the year ended on December 31, 2018.

The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on August 01 in Dhaka.

The record date for entitlement of dividend is June 18.

The company has also reported earnings per share (EPS) of Tk 1.56, net asset value (NAV) per share of Tk 25.87 and net operating cash flow per share (NOCFPS) of Tk 3.19 for the year ended on December 31, 2018 as against Tk 2.20, Tk 25.31 and Tk 2.93 respectively for the same period of the previous year.

The company disbursed 10 per cent cash in 2017.

Union Capital: The board of directors of Union Capital has recommended 5.0 per cent stock dividend for the year ended on December 31, 2018 (subject to the approval of Bangladesh Bank and shareholders).

The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on June 20 in Dhaka.

The record date for entitlement of dividend is May 29.

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