FE Report
Four listed companies, including two banks, recommended dividend last week ranging from 10 per cent to 25 per cent for the year ended on December 31, 2017.
The companies are: Mercantile Bank, Pubali Bank, United Finance and FAS Finance & Investment.
Mercantile Bank: The board of directors of Mercantile Bank has recommended 17 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2017.
The final approval of the dividends will come during the annual general meeting scheduled to be held on April 30 at 11am in Dhaka.
The record date for entitlement of dividend is April 15.
The bank has also reported consolidated earnings per share of Tk 3.89, consolidated net asset value per share of Tk 22.74 and consolidated net operating cash flow per share of Tk 3.72 for the year ended on December 31, 2017 as against Tk 2.87 (restated), Tk 22.82 and Tk 5.36 respectively for the same period of the previous year.
In 2016, the bank disbursed 15 per cent cash and 5.0 per cent stock dividend.
Each share of the bank, which was listed on the Dhaka bourse in 2004, closed at Tk 21.40 on Thursday.
Pubali Bank: The board of directors of Pubali Bank has recommended 10 per cent stock dividend for the year ended on December 31, 2017.
The final approval will come during the annual general meeting scheduled to be held on May 10 in Dhaka. The record date is on April 19.
In 2016, the bank disbursed 5.0 per cent cash and 8.0 per cent stock dividend.
Each share of the bank, which was listed on the Dhaka bourse in 1984, closed at Tk 24.20 on Thursday at the DSE on Thursday.
FAS Finance: The board of directors of FAS Finance has recommended 10 per cent stock dividend for the year ended on December 31, 2017.
The final approval of the dividend will come during the annual general meeting scheduled to be held on June 20 in Dhaka.
The record date for entitlement of dividend is April 19.
The company has also reported consolidated earnings per share of Tk. 1.10, consolidated net asset value per share of Tk. 14.67 and consolidated net operating cash flow per share of Tk. 8.01 for the year ended on December 31, 2017 as against Tk. 0.72 (restated), Tk. 14.12 (restated) and Tk. 9.10 (restated) respectively for the same period of the previous year.
In 2016, the company disbursed only 5.0 per cent stock dividend.
Each share of the company, which was listed on the Dhaka bourse in 2008, closed at Tk 15.10 on Thursday.
United Insurance: The board of directors of United Insurance has recommended 11 per cent cash dividend for the year ended on December 31, 2017.
The final approval of the dividend will come during the annual general meeting scheduled to be held on May 3 at 10:00 am in Dhaka.
The record date for entitlement of dividend is April 15.
The company has also reported EPS of Tk. 2.41, NAV per share of Tk. 29.97 and NOCFPS of Tk. 1.07 for the year ended on December 31, 2017 as against Tk. 2.87, Tk. 28.64 and Tk. (0.84) respectively for the same period of the previous year.
In 2016, the company also disbursed 11 per cent cash dividend.
Each share of the company, which was listed on the Dhaka bourse in 1990, closed at Tk 26.20 on Thursday at the DSE.
[email protected]
