Dhaka, Bangladesh (BBN)- The board of directors of Dhaka Bank of Bangladesh has recommended 10 percent cash and 5.0 percent stock dividend for the year ended on December 31, 2016, said an official disclosure on Tuesday.
The final approval of shareholders will come during the annual general meeting (AGM) scheduled to be held on June 12 at 11am at Pan Pacific Sonargaon Hotel in Dhaka. The record is on May 22.
The company has also reported earnings per share (EPS) of BDT 2.26 for the year ended on December 31, 2016 as against BDT 2.21 for the previous year.
The net asset value (NAV) per share of BDT 21.68 for the year ended on December 31, 2016 as against BDT 19.93 for the previous year.
And net operating cash flow per share (NOCFPS) of BDT 8.79 for the year ended on December 31, 2016 as against BDT 3.64 for the same period of the previous year.
There will be no price limit on the trading of the shares of the company today following its corporate declaration.
Each share of bank, which was listed on the Dhaka bourse in 2000, closed at BDT 19 on Sunday at DSE.
In 2015, the company disbursed 6.0 percent cash and 10 percent stock dividend.
The bank’s paid-up capital is BDT 6.87 billion and authorised capital is BDT 10 billion, while the total number of securities is 687.90 million.
Sponsor-directors own 39.10 percent stake in the bank, while the institutional investors own 24.31 percent, foreign investors 0.15 percent and the general public 36.44 percent as on March 31, 2017, the DSE data shows.
From the very year of its landmark Journey, Dhaka Bank has truly cherished and brought into focus the heritage and history of Dhaka and Bangladesh from Mughal outpost to modern metropolis.
Most of its presentation, publications, brand initiatives, delivery channels, calendars and financial manifestations bear Bank’s commitment to this attachment. The Bank is widely recognized today for its exceptional service, simplicity, proximity and cutting-edge way of delivery.
The bank has stood out for its financial strength and operational craftsmanship marking its position as the potential market player in all core areas of banking in the country. It got listed in DSE and CSE in 2000.
Alongside a lasting bond with the corporate world, Dhaka Bank has got hold of a countrywide reach through a larger network of Branches, ATMs, ADMs, SME channels and SMS banking.
As on December 2016, Dhaka Bank has made its vibrant presence at 94 Branches including 2 Islamic Banking Branches, 3 SME Service Centres, 56 ATMs, 20 ADMs, 1 Business Kiosk and 2 Offshore Banking Units across the country. Catering to the needs of Capital Market, the Bank has established a subsidiary company named Dhaka Bank Securities Limited having 6 countrywide Branches.
BBN/SSR/AD