Dhaka, Bangladesh (BBN)-The Brac Bank Ltd has recommended 25 per cent cash dividend, said an official disclosure on Thursday.
The board of directors of Brac Bank proposed the dividend for the year ended on December 31, 2015.
The annual general meeting (AGM) will be held on June 2 at 10:00am at BRAC-CDM, Savar in Dhaka.
The record date is on May 12.
The bank has also reported consolidated earnings per share (EPS) of BDT 3.08, consolidated net asset value (NAV) per share of BDT 27.14 and consolidated net operating cash flow per share (NOCFPS) of BDT 13.64 for the year ended on December 31, 2015 as against BDT 3.28, BDT 28.47 and BDT 4.11 respectively for the year ended on December 31, 2014.
The bank disbursed 20 per cent cash dividend for the year ended on December 31, 2014.
There will be no price limit on the trading of the shares of the bank today following its corporate declaration.
Wednesday’s closing price of each Dhaka Bank share was BDT 43.20.
BBN/SK/AD