Dhaka, Bangladesh (BBN) – Asia Pacific General Insurance Company has recommended 10 percent cash dividend for the year ended on December 31, 2016, said an official disclosure on Wednesday.
The board of directors of final approval will come during the annual general meeting (AGM) scheduled to be held on July 6 at 11:00am at IDEB Bhaban in Dhaka.
The record date for entitlement of dividend is on May 9.
The insurer has also reported earnings per share (EPS) of BDT 1.50, net asset value (NAV) per share of BDT 17.70 and net operating cash flow per share (NOCFPS) of BDT 2.15 for the year ended on December 31, 2016 as against BDT 1.52, BDT 17.20 and BDT 1.36 respectively for the same period of the previous year.
There will be no price limit on the trading of the shares of the company today following its corporate declaration.
Each share of company, which was listed on the Dhaka bourse in 2006, closed at BDT 23.20 on Tuesday.