Dhaka, Bangladesh (BBN) – Reliance Insurance has recommended 15 per cent cash and 10 per cent stock dividend for the year ended on December 31, 2016, said an official disclosure on Sunday.
The board of directors of final approval of this dividend will come during the annual general meeting (AGM) scheduled to be held on April 30 at 11:00am at Lake Shore Hotel in Dhaka.
The record date for entitlement of dividend is on March 16.
The company has also reported earnings per share (EPS) of BDT 4.53, net asset value (NAV) per share of BDT 55.81 and net operating cash flow per share (NOCFPS) of BDT 0.56 for the year ended on December 31, 2016 as against BDT 4.01(restated), BDT 52.60 (restated) and BDT 2.51 (restated) respectively for the same period of the previous year.
There will be no price limit on the trading of the shares of the company today following its corporate declaration.
Each share price of the company, which was listed on the Dhaka bourse in 1995, closed at BDT 54.40 on Thursday last.
The company disbursed 15 per cent cash and 15 per cent stock dividend for the year ended on December 31, 2015.
The company’s paid-up capital is BDT 790 million and authorised capital is BDT 2.0 billion, while the total number of securities is 79,009,082.
The sponsor-directors own 63.38 per cent stake in Reliance Insurance, while institutional investors 5.39 per cent and the general public 31.23 per cent as on January 31, 2017, the DSE data shows.