Dhaka, Bangladesh (BBN)– The board of directors of two more listed insurance companies have recommended dividend for the year ended on December 31, 2016, according to separate official disclosures on Thursday.

Agrani Insurance: The board of directors of Agrani Insurance Company has recommended 7.0 percent cash and 3.0 percent stock dividend for the year ended on December 31, 2016.

The final approval of shareholders will come during the annual general meeting (AGM) scheduled to be held on June 12 at 11am at Institution of Diploma Engineers Bangladesh in Dhaka.

The record date for entitlement of dividend is on May 21.

The company has also reported earnings per share (EPS) of BDT 1.90 for the year ended on December 31, 2016 as against BDT 1.85 for the previous year.

The net asset value (NAV) per share of BDT 17.13 for the year ended on December 31, 2016 as against BDT 16.50 for the previous year.
And net operating cash flow per share (NOCFPS) of BDT 2.07 for the year ended on December 31, 2016 as against BDT 1.31 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 company, which was listed on the Dhaka bourse in 2005, closed at BDT 20.80 on Wednesday at DSE.
In 2015, the company disbursed 5.0 percent cash and 5.0 percent stock dividend.
The company’s paid-up capital is BDT 266.34 million and authorised capital is BDT 500 million, while the total number of securities is 26.63 million.
Sponsor-directors own 38.36 percent stake in the company, while the institutional investors own 36.28 percent and the general public 25.36 percent as on March 31, 2017, the DSE data shows.

Karnaphuli Insurance: The board of directors of Karnaphuli Insurance Company has recommended 10 percent cash dividend for the year ended on December 31, 2016.
The final approval of shareholders will come during the annual general meeting (AGM) scheduled to be held on June 19 at 10:30am at Institution of Diploma Engineers Bangladesh in Dhaka.
The record date for entitlement of dividend is on May 24.
The company has also reported earnings per share (EPS) of BDT 1.36 for the year ended on December 31, 2016 as against BDT 0.47 for the previous year.
The net asset value (NAV) per share of BDT 19.50 for the year ended on December 31, 2016 as against BDT 19.11 for the previous year.
And net operating cash flow per share (NOCFPS) of BDT 1.01 for the year ended on December 31, 2016 as against BDT 0.62 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 company, which was listed on the Dhaka bourse in 1995, closed at BDT 15.60 on Wednesday at DSE.
In 2015, the company also disbursed 10 percent cash dividend.
The company’s paid-up capital is BDT 407 million and authorised capital is BDT 600 million, while the total number of securities is 40.70 million.
Sponsor-directors own 25.72 percent stake in the company, while the institutional investors own 14.99 percent, foreigners 0.03 percent and the general public 59.26 percent as on March 31, 2017, the DSE data shows.
BBN/SSR/SR