The board of directors of Phoenix Finance and Investments and Phoenix Insurance have recommended dividend for the year ended on December 31, 2019, according to official disclosures on Monday.Phoenix Finance: The board of directors of Phoenix Finance and Investments Ltd has recommended 6.0 per cent cash and 6.0 per cent stock dividend for the year ended on December 31, 2019.The final approval will come during the annual general meeting (AGM) scheduled to be held on September 17 at 11:30am through digital platform. The record date is on July 26.The company has also reported earnings per share (EPS) of Tk 1.89, net asset value (NAV) per share of Tk 22.50 and net operating cash flow per share (NOCFPS) of Tk 7.54 for the year ended on December 31, 2019 as against Tk 2.02, Tk 20.62 and Tk 5.95 respectively for the same period of the previous year.In 2018, the company disbursed 15 per cent stock dividend.Each share of the company, which was listed on the Dhaka bourse in 2007, closed at Tk 24 on Monday, remaining unchanged over the previous day.Phoenix Insurance: The board of directors of Phoenix Insurance has recommended 12 per cent cash dividend for the year ended on December 31, 2019.The AGM will be held on September 16 at 2:30pm through digital platform. The record date is on July 30.The company has also reported EPS of Tk 2.31, NAV per share of Tk 34.88 and NOCFPS of Tk 0.63 for the year ended on December 31, 2019 as against Tk 2.56, Tk 37.01 and Tk 1.85 respectively for the same period of the previous year.The general insurer also disbursed 12 per cent cash dividend in 2018.Each share of the company, which was listed on the Dhaka bourse in 1994, closed at Tk 22.20 on Monday, losing 1.33 per cent over the previous session.
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