Takaful Ins recommends 11pc dividend

The board of directors of Takaful Islami Insurance has recommended 5.0 per cent cash and 6.0 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 13. The record date for entitlement of dividend is April 23, said an official disclosure Wednesday.

The insurer has also reported earnings per share of Tk 1.90, net asset value per share of Tk 17.49 and net operating cash flow per share of Tk 0.59 for the year ended on December 31, 2017 as against Tk 1.30, Tk 15.99 and Tk 1.89 respectively for the same period of the previous year.

In 2016, the company disbursed 5.0 per cent cash and 5.0 stock dividends.

Each share of the company, which was listed on the Dhaka bourse in 2008, closed at Tk 25.80 each on Wednesday, gaining 6.61 per cent on the Dhaka bourse.

The company's paid-up capital is Tk 379.02 million and authorised capital is Tk 1.0 billion while the total number of securities is 37.90 million.

[email protected]