Two more banks declare dividend
FE Report | Tuesday, 24 March 2020
Two more banks - Mercantile Bank and Bank Asia have recommended dividend for the year ended on December 31, 2019, according to separate official disclosures on Monday.
Mercantile Bank: The board of directors of Mercantile Bank has recommended 11 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 April 30 and the record date is on April 15.
The bank has also reported consolidated earnings per share (EPS) of Tk 3.01, consolidated net asset value (NAV) per share of Tk 22.96 and consolidated net operating cash flow per share (NOCFPS) of Tk 2.23 for the year ended on December 31, 2019 as against Tk 3.12 (restated), Tk. 22.91 and Tk 2.04 respectively for the same period of the previous year.
Each share of the bank, which was listed on the DSE in 2004, closed at Tk 12.30, soaring 10.81 per cent over the previous day. It was also the day's top gainer.
Bank Asia: The board of directors of Bank Asia has declared 10 per cent cash for the year ended on December 31, 2019.
The annual general meeting will be held on April 29 and the record date is on April 13.
The bank has also reported consolidated EPS of Tk 1.68, consolidated NAV per share of Tk 21.09 and consolidated NOCFPS of Tk 22.94 for the year ended on December 31, 2019 as against Tk 1.92 (restated), Tk 19.89 and Tk 3.00 respectively for the same period of the previous year.
The company also has informed that NOCFPS has been increased mainly due to deposit inflow in terms of previous year, said the bank.
Each share of the bank, which was listed on the DSE in 2004, closed at Tk 16.20, losing 0.61 per cent over the previous day.