Green Delta Ins recommends 20 per cent dividend

The board of directors of Green Delta Insurance has recommended 20 per cent cash dividend for the year ended on December 31, 2017, said an official disclosure on Monday.

The final approval will come during the annual general meeting (AGM) scheduled to be held on March 29 at 11:00am in Dhaka.

The record date for entitlement of dividend is on March 5.

The company has also reported earnings per share (EPS) of Tk 3.01, consolidated net asset value (NAV) per share of Tk 79.47 and net operating cash flow per share (NOCFPS) of Tk minus 0.25 for the year ended on December 31, 2017 as against Tk 3.08, Tk 69.93 and Tk minus 0.16 respectively for the same period of the previous year.

In 2016, the company also disbursed 20 per cent cash dividend.

Each share of the company, which was listed on the Dhaka bourse in 1989, closed at Tk 61.90 on Monday, losing 7.61 per cent over the previous day. It was also the day's top loser.

The company's paid-up capital is Tk 806.91 million and authorised capital is Tk 5.0 billion, while the total number of securities is 80.69 million.

The sponsor-directors own 56.52 per cent stake in company, while institutional investors own 13.36 per cent, foreign 8.25 per cent and the general public 21.87 per cent as on January 31, 2018, the DSE data shows.

[email protected]