5 listed banks recommend dividend

Five listed banks – Eastern Bank, Brac Bank, United Commercial Bank, Pubali Bank and Al-Arafah Islami Bank Ltd-- on Sunday recommended dividends for the year ended on December 31, 2013, according to the Dhaka Stock Exchange (DSE) website. Eastern Bank and United Commercial Bank recommended 20 per cent cash dividend each, Pubali Bank 10 per cent stock dividend, Brac Bank 10 per cent cash and 10 per cent stock while Al-Arafah Islami Bank 13.50 per cent stock dividend for their shareholders. On the other hand, two listed companies – Marico Bangladesh and Prime Finance – also made corporate declaration on Sunday. Marico Bangladesh, recommended 500 per cent interim cash dividend for the year ending on 31st March 2014 based on 9 months financials for the period ended 31st December last year and Prime Finance recommended 15 per cent cash dividend. There will be no price limit on the trading of the shares of these companies today (Sunday) following their corporate declaration.