Dhaka, Bangladesh (BBN) – Seven more listed companies of Bangladesh, including a bank, have recommended dividend ranging between 10 percent and 500 percent, according to separate official disclosures.
The other companies included five insurance companies and a multinational company.
The bank is: Mutual Trust Bank while the multinational company is: Marcio Bangladesh.
The five insurance companies are: Bangladesh General Insurance Company, Dhaka Insurance Company, Mercantile Insurance Company, Bangladesh National Insurance Company and Northern Insurance Company.
MUTUAL TRUST BANK: The board of directors of Mutual Trust Bank has recommended 15 percent stock dividend for the year ended on December 31 in 2016.
In 2015, the bank disbursed 20 percent stock dividend.
The final approval will come during the annual general meeting (AGM) scheduled to be held on June 20 at 10:30am at Army Golf Club in Dhaka.
The record date is on May 31.
The bank has also reported earnings per share (EPS) of BDT 3.30 for the year ended on December 31, 2016 as against BDT 3.08 for the same period in the previous year.
MARICO BANGLADESH: The board of directors of Marico Bangladesh has recommended 50 percent final cash dividend (total 500 percent cash dividend for the financial year 2016-2017 inclusive 450 percent interim cash dividend, which has already been paid) for the year ended on March 31 in 2017.
The multinational company has also reported EPS of BDT 45.72 for the year ended on March 31, 2017 as against BDT 44.89 for the same period of the previous year.
The annual general meeting (AGM) of the company will be held on July 17. Time and venue will be notified later on. The record date is on June 5.
In 2015, the company also disbursed total 450 percent cash dividend.
BANGLADESH GENERAL INSURANCE: The board of directors of Bangladesh General Insurance Company has recommended 11 percent cash and for the year ended on December 31 in 2016.
In 2015, the company also disbursed 11 percent cash dividend.
The AGM will be held on June 22 at 11:30am at Dhaka Ladies Club in Dhaka. The record date is on May 18.
The company has also reported EPS of BDT 0.97 for the year ended on December 31, 2016 as against BDT 1.13 of the previous year.
DHAKA INSURANCE: The board of directors of Dhaka Insurance Company has recommended 12 percent cash dividend for the year ended on December 31 in 2016.
In 2015, the company disbursed 12.50 percent cash dividend.
The AGM will be held on June 21 at 10:30am at Institution of Diploma Engineers Bangladesh in Dhaka. The record date is on May 18.
The company has also reported EPS of BDT 1.60 for the year ended on December 31, 2016 as against BDT 1.43 for the same period of the previous year.
MERCANTILE INSURANCE: The board of directors of Mercantile Insurance Company has recommended 10 percent cash dividend for the year ended on December 31 in 2016.
In 2015, the company also disbursed 10 percent cash dividend.
The AGM will be held on June 29 at 10am Institution of Diploma Engineers Bangladesh in Dhaka. The record date is on May 17.
The company has also reported EPS of BDT 1.40 for the year ended on December 31, 2016 as against BDT 1.43 for the same period of the previous year.
BANGLADESH NATIONAL INSURANCE: The board of directors of Bangladesh National Insurance Company has recommended 10 percent cash dividend for the year ended on December 31 in 2016.
The AGM will be held on June 14 at 12noon at Spectra Convention Center in Dhaka. The record date is on May 18.
The company has also reported EPS of BDT 1.62 for the year ended on December 31, 2016 as against BDT 1.87 for the previous year.
NORTHERN INSURANCE: The board of directors of Northern Insurance Company has recommended 10 percent stock dividend for the year ended on December 31 in 2016.
The AGM will be held on June 15 at 10:00am in Institution of Diploma Engineers, Bangladesh in Dhaka. The record date is on May 18.
The company has also reported EPS of BDT 1.71 for the year ended on December 31, 2016 as against BDT 1.65 for the same period of the previous year.
BBN/SA/AD