Dhaka, Bangladesh (BBN) – The board of directors of First Security Islami Bank has recommended 10 percent stock dividend for the year ended on December 31 in 2017, said an official disclosure on Wednesday.

The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on June 26 in Dhaka.

The record date for entitlement of dividend is May 21.

The bank has also reported consolidated earnings per share (EPS) of BDT 1.89, consolidated net asset value (NAV) per share of BDT 16.51 and consolidated net operating cash flow per share (NOCFPS) of minus BDT 26.19 for the year ended on December 31, 2017 as against BDT 1.97, BDT 15.09 and BDT 11.54 respectively for the same period of the previous year.

In 2016, the company also disbursed 5.0 percent cash and 5.0 percent stock dividend.

There will be no price limit on the trading of the shares of the bank on Thursday following its corporate declaration.

Each share of the bank, which was listed on the Dhaka bourse in 2008, closed at BDT 12.90 on Wednesday at the Dhaka Stock Exchange (DSE).

The bank’s paid-up capital is BDT 7.12 billion and authorised capital is BDT 10 billion while the total number of securities is 712.81 million.

The sponsor-directors own 30.37 percent stake in the bank, while the institutional investors own 13.01 percent, foreign 4.96 percent and the general public 51.61 percent as on March 31, 2018, the DSE data shows.

The bank also disclosed first quarter (Q1) earnings results on Wednesday. As per un-audited Q1 financial results, the bank’s consolidated EPS was BDT 0.44 for January-March 2018 as against BDT 0.48 for January-March 2017.

Consolidated NOCFPS was minus BDT 15.20 for January-March 2018 as against minus BDT 22.79 for January-March 2017. Consolidated NAV per share was BDT 16.95 as on March 31, 2018 and BDT 16.35 as on March 31, 2017.