Dhaka, Bangladesh (BBN)-The Eastland Insurance Company has recommended 10 per cent cash and 10 per cent stock dividend, said an official disclosure on Sunday.
The board of directors of Eastland Insurance proposed the dividend for the year ended on December 31, 2015.
The final approval will come during the annual general meeting (AGM) scheduled to be held on June 5 at 3:30pm at Spectra Convention Centre, Gulshan -1, Dhaka.
The record date is on May 8.
The company has also reported net profit after tax of BDT 120.24 million, earnings per share (EPS) of BDT 2.02, net asset value (NAV) per share of BDT 24.72 and net operating cash flow per share (NOCFPS) of BDT 1.10 for the year ended on December 31, 2015 as against BDT 157.98 million, BDT 2.65, BDT 25.05 and BDT 1.37 respectively for the year ended on December 31, 2014.
Eastland Insurance also distributed 10 percent cash and 10 percent stock dividend for the year ended on December 31, 2014.
There will be no price limit on the trading of the shares of the company today following its corporate declaration.
The last trading day’s closing price of each Eastland Insurance share was BDT 19.70.
BBN/SK/AD