The board of directors of Rupali Bank has recommended a 10 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 August 18 at 11:00am using the digital platform.
The record date is set on July 14, the bank said in a filing with the Dhaka Stock Exchange (DSE) on Tuesday.
The bank has also reported consolidated earnings per share (EPS) of Tk 0.49, consolidated net asset value (NAV) per share of Tk 44.10 and consolidated net operating cash flow per share (NOCFPS) of Tk 206.53 for the year ended on December 31, 2020 as against Tk 1.38, Tk 41.14 and minus Tk 75.31 respectively for the same period of the previous year.
The bank informed that bonus shares have been recommended to strengthen the capital base of the bank to support business growth and maintained capital to risk weighted assets ratio (CRAR) as Bangladesh Bank guideline.
Stock dividend declared out of current year profit and retained earnings not from revaluation reserve or any unrealised gain or share money deposit, said the bank.
Each share of the only state-owned bank, which was listed on the DSE in 1986, closed at Tk 37.60 on Tuesday, losing 5.53 per cent over the previous day.
The company disbursed 5.0 per cent stock dividend for the year ended on December 31, 2019.
The company's paid-up capital is Tk 4.14 billion, authorised capital is Tk 7.0 billion and the total number of securities is 414.16 million.
The government owns 90.19 per cent stakes in the company while the institutional investors own 4.90 per cent and the general public 4.91 per cent as of May 31, 2021, the DSE data shows.
Prime Islami Life Insurance: Prime Islami Life Insurance has recommended 'no' dividend for the year ended on December 31, 2020, the first time after listing with the stock market in 2007.
The AGM will be held on August 23 at 11:00am using the digital platform. The record date is set on July 12, said the life insurer in a filing with the DSE on Tuesday.
Following the 'no' dividend news, its share price plunged by 17.19 per cent to close at Tk 73.70 on Tuesday. It was also the day's worst loser on DSE.
The company, which was listed on the DSE in 2007, disbursed 10 per cent cash dividend for the year ended on December 31, 2019.
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