Dhaka, Bangladesh (BBN) - Dutch Bangla Bank Limited (DBBL) has recommended 30 per cent cash dividend for the year ended on December 31, 2016, said an official disclosure on Thursday.
The board of directors of final approval of this dividend will come during the annual general meeting (AGM) scheduled to be held on March 30 at 10:00am at Dhaka Cantonment in Dhaka.
The record date for entitlement of dividend is on March 15, 2017.
The bank has also reported earnings per share (EPS) of BDT 8.81, net asset value (NAV) per share of BDT 88.30 and net operating cash flow per share (NOCFPS) of BDT 24.57 for the year ended on December 31, 2016 as against BDT 15.10, BDT 83.77 and BDT 29.50 respectively 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 price of the bank, which was listed on the Dhaka bourse in 2001, closed at BDT 119 on Wednesday.
The bank disbursed 40 per cent cash dividend for the year ended on December 31, 2015.
The company’s paid-up capital is BDT 2.0 billion and authorised capital is BDT 4.0 billion, while the total number of securities is 200,000,000.
The sponsor-directors own 87 per cent stake in DBBL, while institutional investors 6.42 per cent, foreign investors 0.48 percent and the general public 6.10 per cent as on January 31, 2017, the DSE data shows.
BBN/SK/AD