Dhaka, Bangladesh (BBN)-The National Bank Limited has recommended 15 per cent stock dividend, said an official disclosure on Monday.
The board of directors of National Bank proposed the dividend for the year ended on December 31, 2015.
The Board has also decided to increase the authorized capital of the company from BDT 17.50 billion to BDT 30.00 billion and also approved necessary amendments of the Memorandum and Articles of Association of the Company subject to approval from the Regulatory Authorities and shareholders in the EGM.
The extra ordinary general meeting (EGM) and annual general meeting (AGM) on June 29 at time of EGM and AGM at 12 noon and 12:15pm respectively at Utshab, Radission Blu Water Garden Hotel, Airport Road, Dhaka.
The record date is May 31.
The company has also reported Consolidated earnings per share (EPS) of BDT 2.26, consolidated net asset value (NAV) per share of BDT 19.47 and consolidated net operating cash flow per share (NOCFPS) of BDT 9.76 for the year ended on December 31, 2015 as against BDT 1.56 (restated), BDT 17.20 (restated) and BDT 3.47 (restated) 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.