Dhaka, Bangladesh (BBN)-Republic Insurance has recommended 13 per cent stock dividend, said an official disclosure posted on the Dhaka Stock Exchange on Wednesday.
The board of directors of Republic Insurance proposed the dividend for the year ended on December 31, 2015.
The annual general meeting (AGM) will be held on May 25 at 10am at IDEB Bhaban, Kakrail, Dhaka.
The record date is on May 11.
The company has also reported net profit after tax of BDT 53.08 million, earnings per share (EPS) of BDT 1.92, net asset value (NAV) per share of BDT 14.63 and net operating cash flow per share (NOCFPS) of BDT 0.77 for the year ended on December 31, 2015 as against BDT 42.78 million, BDT 1.55 (restated), BDT 14.53 (restated) and BDT (0.55) (restated) respectively for the year ended on December 31, 2014.
The non-life insurer disbursed 10 percent stock dividend last year.
There will be no price limit on the trading of the shares of the company Wednesday following its corporate declaration.
Tuesday’s closing price of each Republic Insurance share was BDT 14.