Dhaka, Bangladesh (BBN)-The Continental Insurance Company has recommended 5.0 per cent cash and 5.0 per cent stock dividend, said an official disclosure on Tuesday.
The board of directors of Continental Insurance proposed the dividend for the year ended on December 31, 2015.
The final approval will be held on June 23 at 11:00am at Spectra Convention Centre at Gulshan-1 in Dhaka.
The record date is on May 17.
The company has also reported earnings per share (EPS) of BDT 1.51, net asset value (NAV) per share of BDT 17.99 and net operating cash flow per share (NOCFPS) of BDT 0.42 for the year ended on December 31, 2015 as against BDT 1.66, BDT 17.51 and BDT 1.71 respectively 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.
BBN/SK/AD