Dhaka, Bangladesh (BBN) – Bangladesh’s Prime Bank Limited has recommended 16 per cent cash dividend for the year ended on December 31, 2016, officials said.
The board of directors dividend approval came at a meeting of the board of directors held on Thursday in the capital city Dhaka.
The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on May 8 at 11:00am in Dhaka.
The record date for entitlement of dividend is on April 20.
The bank has also reported consolidated earnings per share (EPS) of BDT 2.13, consolidated net asset value (NAV) per share of BDT 24.57 and consolidated net operating cash flow per share (NOCFPS) of BDT 4.05 for the year ended on December 31, 2016 as against BDT 2.11, BDT 25.75 and BDT 0.15 respectively for the same period of the previous year.
There will be no price limit on the trading of the shares of the company on April 2 (Sunday) following its corporate declaration.
Each share price of the bank, which was listed on the Dhaka bourse in 2000, closed at BDT 20.10 on Thursday.
The bank disbursed 15 per cent cash dividend for the year ended on December 31, 2015.
The bank’s paid-up capital is BDT 10.29 billion and authorised capital is BDT 25 billion, while the total number of securities is 1.03 billion.
The sponsor-directors own 38.82 per cent stake in the bank, while institutional investors 27.09 per cent, foreigners 0.37 per cent and the general public 33.72 per cent as on February 28, 2017, the DSE data shows.