Dhaka, Bangladesh (BBN) – Mutual Trust Bank has recommended 12.50 percent stock dividend for the year ended on December 31, 2017, said an official disclosure on Wednesday.

The board of directors of the bank will give the final approval of the dividend during the annual general meeting scheduled to be held on May 31 in Dhaka.

The record date for entitlement of dividend is May 10.

The Company has also reported consolidated earnings per share (EPS) of BDT 3.89, consolidated net asset value (NAV) per share of BDT 23.08 and consolidated net operating cash flow per share (NOCFPS) of BDT 0.06 for the year ended on December 31, 2017 as against BDT 2.87 (restated), BDT 19.26 (restated) and BDT 6.27 (restated) respectively for the same period of the previous year.

In 2016, the bank disbursed 15 percent stock dividend.

Each share of the bank, which was listed on the Dhaka bourse in 2003 closed at BDT 30.80 on Tuesday at the Dhaka Stock Exchange (DSE).

The company’s paid-up capital is BDT 5.09 billion and authorised capital is BDT 10 billion while the total number of securities is 509.65 million.

The sponsor-directors own 36.62 percent stake in the bank, while the institutional investors 22.80 percent, and the general public 40.58 percent as on March 31, 2018, the DSE data shows.