Dhaka, Bangladesh (BBN) – Bangladesh’s United Commercial Bank (UCB) has recommended 10 percent cash dividend for the year ended on December 31 in 2017, said an official disclosure on Wednesday.
The board of directors of the bank will give the approval of the dividend during the annual general meeting (AGM) scheduled to be held on April 30.
Time and venue will be notified later on.
The record date for entitlement of dividend is April 11.
The bank has also reported consolidated earnings per share (EPS) of BDT 2.58, consolidated net asset value (NAV) per share of BDT 25.49 and consolidated net operating cash flow per share (NOCFPS) of BDT 2.04 for the year ended on December 31, 2017 as against BDT 2.49, BDT 24.50 and BDT 2.25 respectively for the same period of the previous year.
In 2016, the bank disbursed 15 percent cash 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 bank, which was listed on the Dhaka bourse in 1986, closed at BDT 19.60 on Tuesday at the Dhaka Stock Exchange (DSE).
The bank’s paid-up capital is BDT 10.54 billion and authorised capital is BDT 15 billion while the total number of securities is 1.05 billion.
The sponsor-directors own 37.02 percent stake in the bank, while the government owns 0.81 percent, institutional investors 19.07 percent, foreign 1.93 percent and the general public 41.17 percent as on February 28, 2108, the DSE data shows.