Dhaka, Bangladesh (BBN) – Bangladesh’s four more listed banks – City Bank, Rupali Bank, NCC Bank and National Bank – have recommended dividend for the year ended on December 31 in 2017, according to separate official disclosures on Thursday.
CITY BANK: The board of directors has recommended 19 percent cash and 5.0 per cent stock dividend for the year ended on December 31, 2017.
The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on June 28.
The record date for entitlement of dividend is May 23.
The bank has also reported consolidated earnings per share (EPS) of BDT 3.90, consolidated net asset value (NAV) per share of BDT 28.40 and consolidated net operating cash flow per share (NOCFPS) of minus BDT 4.83 for the year ended on December 31, 2017 as against BDT 4.57, BDT 22.67 and BDT 14.92 respectively for the same period of the previous year.
In 2016, the company disbursed 24 percent cash dividend.
Each share of the bank, which was listed on the Dhaka bourse in 1986, closed at BDT 35.90 on Monday last at the Dhaka Stock Exchange (DSE).
RUPALI BANK: The board of directors has recommended 24 percent stock dividend for the year ended on December 31, 2017.
The AGM will be held on June 26 and the record date in on May 24.
The bank has also reported consolidated EPS of BDT 1.98, consolidated NAV per share of Tk. 44.07 and consolidated NOCFPS of Tk. 37.59 for the year ended on December 31, 2017 as against minus Tk. 3.99, Tk. 38.97 and minus Tk. 0.94 respectively for the same period of the previous year.
In 2016, the bank disbursed 10 percent stock dividend.
Each share of the bank, which was listed on the Dhaka bourse in 1986, closed at BDT 54.30 on Monday last at the Dhaka Stock Exchange (DSE).
NCC BANK: The board of directors has recommended 13 percent cash dividend for the year ended on December 31, 2017.
The AGM will be held on July 30 and the record date is on May 30.
The bank has also reported consolidated EPS of BDT 2.09, consolidated NAV per share of BDT 19.46 and consolidated NOCFPS of BDT 1.86 for the year ended on December 31, 2017 as against Tk. 2.35, Tk. 18.76 and Tk. 4.88 respectively for the same period of the previous year.
In 2016, the company also disbursed 16 percent cash dividend.
Each share of the bank, which was listed on the Dhaka bourse in 2000, closed at BDT 16.10 on Monday last at DSE.
NBL: The board of directors has recommended 12 percent stock dividend for the year ended on December 31, 2017.
The AGM will be held on June 11 in Dhaka. The record date is on May 24.
The bank has also reported consolidated EPS of Tk. 2.02, Consolidated NAV per share of Tk. 17.02 and Consolidated NOCFPS of Tk. 1.36 for the year ended on December 31, 2017 as against Tk. 2.37, Tk. 18.28 and Tk. 0.84 respectively for the same period of the previous year.
There will be no price limit on the trading of the shares of these banks on today following their corporate declarations.
BBN/SS/AD