Dhaka, Bangladesh (BBN)-The Delta Life Insurance has recommended 18 per cent cash dividend, said an official disclosure on Sunday.
The board of directors of Delta Life proposed the dividend for the year ended on December 31, 2015.
The final approval will come during the annual general meeting scheduled to be held on June 27 at 10:30am at the Delta Life Tower, Plot Gulshan in Dhaka.
The record date is on June 12.
There will be no price limit on the trading of the shares of the Company today following its corporate declaration.
The last trading day’s closing price of each Delta Life share was BDT 103.40.
The life insurer was listed on the Dhaka bourse in 1995. The company belongs to the “A” category.
In 2014, the insurance company disbursed 20 per cent cash dividend.