Dhaka, Bangladesh (BBN) – Sandhani Life Insurance Company of Bangladesh has recommended 20 percent stock dividend for the year ended on December 31 in 2017, said an official disclosure on Thursday.
The board of directors of the company will give the final approval of dividend during the annual general meeting (AGM) scheduled to be held on September 30 at 11:30am in Dhaka.
The record date for entitlement of dividend is on September 13, 2018.
The company has also reported consolidated earnings per share (EPS) of BDT 1.97, consolidated net asset value (NAV) per share of BDT 20.02 and consolidated net operating cash flow per share (NOCFPS) of negative BDT 0.24 for the year ended on December 31, 2017 as against BDT 1.68, BDT 21.56 and negative BDT 7.58 respectively for the same period of the previous year.
In 2017, the company also disbursed 20 percent stock dividend.
There will be no price limit on the trading of the shares of the company today following its corporate declaration.
Each share of the company, which was listed on the Dhaka bourse in 1996, closed at BDT 26.30 on Tuesday the Dhaka Stock Exchange (DSE).
The company’s paid-up capital is BDT 914 million and authorised capital is BDT 2.0 billion, while the total number of securities is 91.41 million.
Sponsor-directors own 30.41 percent stake in the company while institutional investors own 25.29 percent and the general public 44.30 percent as on June 30, 2018, the DSE data shows.