The board of directors of Central Insurance Company has recommended 6.0 per cent cash and 7.50 per cent stock dividend for the year ended on December 31, 2020.
The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on July 29 at 11:00 am using the digital platform.
The record date is set on June 17, the company said in a filing with the Dhaka Stock Exchange (DSE) on Sunday.
The non-life insurer has also reported earnings per share (EPS) of Tk 2.18, net asset value (NAV) per share of Tk 25.02 and net operating cash flow per share (NOCFPS) of Tk 3.15 for the year ended on December 31, 2020 as against Tk 2.14, Tk 24.68 and Tk 2.07 respectively for the same period of the previous year.
The general insurance company also published first quarter (Q1) un-audited financial statements for January-March, 2021 on Sunday. As per the Q1 reports, EPS was Tk 0.72 for January-March 2021 as against Tk 0.56 for January-March 2020.
Each share of the company, which was listed on the Dhaka Stock Exchange in 1995, closed at Tk 60.80 on Sunday, gaining 1.67 per cent over the previous session. Its share traded between Tk 22.80 and Tk 70.80 in the last one year.
The company disbursed 7.0 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2019.
The company's paid-up capital is Tk 494.37 million, authorised capital is Tk 1.0 billion and the total number of securities is 49.43 million.
The sponsor-directors own 39 per cent stakes in the company while the institutional investors own 20 per cent and the general public 41 per cent as of April 30, 2021, the DSE data shows.
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