Dhaka, Bangladesh (BBN) - Takaful Islami Insurance has recommended 5.0 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2016, said an official disclosure on Sunday.
The board of directors of final approval will come during the annual general meeting scheduled to be held on May 20 at 10am at Institution of Diploma Engineers Bangladesh.
The record date for entitlement of dividend is on April 27.
The company has also reported earnings per share (EPS) of BDT 1.36, net asset value (NAV) per share of BDT 16.79 and net operating cash flow per share (NOCFPS) of BDT 1.89 for the year ended on December 31, 2016 as against BDT 1.48, BDT 15.57 and BDT 1.65 respectively for the same period of the previous year.
The board of directors has also decided to form a merchant banking company as the subsidiary company of Takaful Islami Insurance Limited subject to approval by the concerned authorities.
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 2008, closed at BDT 20.60 on Thursday last.
BBN/MS/SK