Dhaka, Bangladesh (BBN)-The Dhaka Bank Limited has recommended 6.0 per cent cash and 10 per cent stock dividend, said an official disclosure on Thursday.
The board of directors of Dhaka Bank 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 May 29 at 11:00am at Radisson Blu Water Gardern Hotel in Dhaka.
The Record date is on May 11.
The bank has also reported consolidated earnings per share (EPS) of BDT 2.42, consolidated net asset value (NAV) per share of BDT 21.89 and consolidated net operating cash flow per share (NOCFPS) of BDT 1.11 for the year ended on December 31, 2015 as against BDT 3.36, BDT 20.74 and BDT 2.05 for the year ended on December 31, 2014.
The bank disbursed 14 per cent cash dividend and 10 per cent stock dividend for the year ended on December 31, 2014.
There will be no price limit on the trading of the shares of the Company today following its corporate declaration.
Wednesday’s closing price of each Dhaka Bank share was BDT 17.30.
BBN/SK/AD