Dhaka, Bangladesh (BBN) – Pubali Bank of Bangladesh has recommended 10 percent stock dividend for the year ended on December 31 in 2017, said an official disclosure on Sunday.
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 10 at 10:30am at the bank’s head office in Dhaka.
The record date for entitlement of dividend is April 19.
The company has also reported consolidated earnings per share of BDT 1.89, consolidated net asset value per share of BDT 27.12 and consolidated net operating cash flow per share of BDT 1.57 for the year ended on December 31, 2017 as against BDT 1.47 (restated), BDT 25.70 (restated) and BDT 7.63 (restated) respectively for the same period of the previous year.
In 2016, the bank disbursed 5.0 percent cash and 8.0 percent stock dividends.
There will be no price limit on the trading of the shares of the bank today following its corporate declaration.
Each share of the company, which was listed on the Dhaka bourse in 1984, closed at BDT 24.20 on Thursday at the Dhaka Stock Exchange.
The company’s paid-up capital is BDT 9.50 billion and authorised capital is BDT 20 billion while the total number of securities is 950.80 million.
The sponsor-directors own 30.04 percent stake in the company, while the institutional investors 23.04 percent, foreign 1.53 percent and the general public 45.39 percent as on February 28, 2108, the DSE data shows.