Dhaka, Bangladesh (BBN)-The Pioneer Insurance has recommended 15 per cent cash and 10 per cent stock dividend, said an official disclosure on Tuesday.
The board of directors of Pioneer Insurance proposed the dividend for the year ended on ember 31, 2015.
The Final approval will come during the annual general meeting (AGM) scheduled to be held on June 22 at 11:00am at Spectra Convention Centre Gulshan-1 in Dhaka.
The record date is on May 10.
The company has also reported earnings per share (EPS) (after tax) of BDT 3.01, EPS (after tax and reserve) of BDT 2.21, net asset value (NAV) per share of BDT 29.65 and net operating cash flow per share (NOCFPS) of BDT 0.26 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.
Monday’s closing price of each share of Pioneer Insurance was BDT 33.