FE Today Logo

Pragati Insurance declares record 30pc cash dividend

FE REPORT | June 02, 2021 00:00:00


Pragati Insurance's stock price jumped 20.90 per cent on Tuesday following the news that the insurer declared a record 30 per cent cash dividend for the year ended on December 31, 2020.

This is Pragati Insurer's highest cash dividend recommendation after listing with the Dhaka Stock Exchange (DSE) in 1996. Earlier, the company disbursed the highest 30 per cent stock dividend in 2001, according to data from the DSE.

The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on August 26 at 11:30 am using the digital platform.

The record date is set on June 30, the company said in a filing with the DSE on Tuesday.

The non-life insurer's net profit after tax rose to Tk 267 million for the year ended on December 31, 2020, registering an increase of 28 per cent, from Tk 209 million of the previous year.

Northern Islami Insurance: Northern Islami Insurance has recommended a 10 per cent cash dividend for the year ended on December 31, 2020.

The AGM will be held on August 7 at 11:00 am using the digital platform. The record date is set on June 23, the company said in a filing with the DSE on Tuesday.

[email protected]


Share if you like