Dhaka, Bangladesh (BBN)-The City General Insurance Company has recommended 10 per cent stock dividend, officials said.
The board of directors of City General Insurance proposed the dividend for the year ended on December 31, 2015.
The final approval will be held at the annual general meeting (AGM) scheduled to be held on June 22.
The record date is on May 15.
The company has also reported earnings per share (EPS) of BDT 1.50 and net asset value (NAV) of BDT 16.14 for the year ended on December 31, 2015, as against BDT 1.59 and BDT 16.10 for the year ended on December 31, 2014.
There will be no price limit on the trading of the shares of the company on April 24 following its corporate declaration.
BBN/SK/AD