Fareast Life Ins recommends 45pc dividend

Dhaka, Bangladesh (BBN) – The board of directors of Fareast Life Insurance Ltd has recommended 45 per cent dividend for the year ended on December 31 in 2014, said an office disclosure on Sunday.
Of the dividend, 35 per cent was given in form of cash while 10 per cent in form of stock.
The final approval of the dividend will come from the annual general meeting scheduled to be held on August 16 at 10:30am at the Fareast Tower, 35 Topkhana Road in Dhaka-1000.
The record date of the company is July 23.
There will be no price limit on the trading of the shares of the company today following its corporate declaration.
BBN/BB/AI

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