Two more insurers - Popular Life Insurance Company and Pioneer Insurance Company - have recommended dividends for their shareholders for the year ended on December 31, 2020.
Popular Life Insurance: The board of directors of Popular Life Insurance has recommended a 40 per cent cash 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 24 at 12:00 noon using the digital platform.
The record date is set on July 26, the company said in a filing with the Dhaka Stock Exchange (DSE) on Sunday.
The life insurer has also reported earnings per share (EPS) of Tk 3.77, net asset value (NAV) per share of Tk 108.90 and net operating cash flow per share (NOCFPS) of negative Tk 2.95 for the year ended on December 31, 2020 as against Tk 3.82, Tk 302.80 and Tk 21.12 respectively for the same period of the previous year.
In 2019, the company disbursed a 20 per cent cash dividend.
Each share of the company, which was listed on the DSE in 2005, closed at Tk 110.10 on Sunday, gaining 0.27 per cent over the previous day.
The company's paid-up capital is Tk 604.28 million, authorised capital is Tk 5.0 billion and the total number of securities is 60.42 million.
The sponsor-directors own 30.30 per cent stake in the company while the institutional investors own 13.37 per cent and the general public 56.33 per cent as of May 31, 2021, the DSE data shows.
Pioneer Insurance: The board of directors of Pioneer Insurance has recommended 20 per cent cash and 10 per cent stock dividend for the year ended on December 31, 2020.
The AGM will be held on August 25 at 11:00am using the digital platform. The record date is set on July 18, said the company in a filing with the DSE on Sunday.
The company has also reported EPS (after tax) of Tk 7.61, NAV per share of Tk 49.75 and NOCFPS of Tk 5.82 for the year ended on December 31, 2020 as against Tk 4.89, Tk 44.09 and Tk 5.48 respectively for the same period of the previous year.
The general insurer also disclosed its un-audited first quarter (Q1) financial statements on Sunday. As per Q1 reports, EPS was Tk 2.04 for January-March 2021 as against Tk 2.03 for January-March 2020.
In 2019, the general insurer, listed on the DSE in 2001, provided a 20 per cent cash dividend.
The general insurer's share price fell 9.61 per cent to close at Tk 154.30 on Sunday despite higher dividend declaration than that of the previous year.
The company's paid-up capital is Tk 699.81 million, authorised capital is Tk 1.0 billion and the total number of securities is 69.98 million.
The sponsor-directors own 45.62 per cent stake in the company while the institutional investors own 23 per cent and the general public 31.38 per cent as of May 31, 2021, the DSE data shows.
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