Dhaka, Bangladesh (BBN)-The board of directors of Rupali Life Insurance Company has recommended 5.0 percent stock dividend for the year ended on December 31, 2013, said an official disclosure Thursday.
The dividend will be approved during an annual general meeting scheduled to be held on August 21 at the Institute of Diploma Engineers Bangladesh in Dhaka at 11:00am.
There will be no price limit on the trading of the shares of the company today following its corporate declaration.
In 2012, the company gave 12 percent stock dividend for its investors.
The insurer became listed on the Dhaka Stock Exchange (DSE) in 2009. A market lot is 500 shares.
Of the total shares, 36.57 percent shares are in sponsor-directors hands while rest 63.43 percent in public hands.
BBN/BB/SS-17July14-11:30am (BST)