Uttara Bank revises dividend declaration for 2019

The board of directors of Uttara Bank has revised the recent dividend declaration for the year ended on December 31, 2019 following the central bank's dividend declaration policy, said an official disclosure on Monday. Now the board of the bank has recommended 7.0 per cent cash and 23 per cent stock dividend for the year under review, said the disclosure. Earlier, the board of directors of the bank has declared 10 per cent cash and 25 per cent stock dividend for the year ended on December, 31, 2020. The central bank on May 11 suspended the payment of cash dividends by the banks until September 30 this year.

— FE Report