Dhaka, Bangladesh (BBN)-The board of directors of Asia Insurance Limited has recommended 10 percent cash dividend for the year ended on December 31, 2017, said an official disclosure on Monday.
The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on June 11 in Dhaka.
The record date for entitlement of dividend is May 17.
The company has also reported earnings per share (EPS) of BDT 1.77, net asset value (NAV) per share of BDT 18.52 and net operating cash flow per share (NOCFPS) of BDT 1.61 for the year ended on December 31, 2017 as against BDT 1.63, BDT 17.86 and BDT 1.48 for the year ended in December 31, 2017.
In 2016, the company also disbursed 10 percent cash dividend.
There will be no price limit on the trading of the shares of the company on Monday following its corporate declaration.
Each share of the company, which was listed on the Dhaka bourse in 2009, closed at BDT 18.20 on Sunday at the Dhaka Stock Exchange (DSE).
The company’s paid-up capital is BDT 470.69 million and authorised capital is BDT 1.0 billion while the total number of securities is 47.06 million.
The sponsor-directors own 41.56 percent stake in the company, while the institutional investors own 32.45 percent and the general public 25.99 percent as on March 31, 2018, the DSE data shows.