The board of directors of National Bank Ltd has recommended a 5.0 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 September 30 at 11:30am using the digital platform.
The record date is set on August 17, the bank said in a filing with the Dhaka Stock Exchange (DSE) on Monday.
The bank has also reported consolidated earnings per share (EPS) of Tk1.18, consolidated net asset value (NAV) per share of Tk16.92 and consolidated net operating cash flow per share (NOCFPS) of Tk3.50 for the year ended on December 31, 2020 as against Tk 1.34, Tk16.68 and Tk3.19 respectively for the same period of the previous year.
The bank also informed that bonus shares has been recommended in view to utilize its retained amount as capital for business expansion. Bonus share is declared out of accumulated profit.
The bank also published first quarter (Q1) earnings reports on Monday. As per the Q1 reports, its consolidated EPS fell by 56.66 per cent to Tk 0.13 for January-March 2021 as against Tk 0.30 for January-March 2020.
In 2019, the bankdisbursed 5.0 per cent cash and 5.0 per cent stock dividend. Each share of the bank, which was listed on the DSE in 1984, closed at Tk7.90 on Monday, losing 1.25 per cent over the previous day.
Its shares traded between Tk6.80 and Tk9.70 in the last one year, far below from its face value of Tk 10 each.
The bank's paid-up capital is Tk30.66 billion, authorised capital is Tk50 billion and the total number of securities is 3.06 billion.
The sponsor-directors own 30.99 per cent stake in the bank while the institutional investors own 21.37 per cent, foreign investors 0.97 per cent and the general public 46.67 per cent as of May 31, 2021, the DSE data shows.
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