Dhaka, Bangladesh (BBN)– The board of directors of Dutch-Bangla Bank Limited (DBBL) and United Finance have recommended dividend for the year ended on December 31, 2017, according to separate official disclosure on Sunday.

Dutch-Bangla Bank: The board of directors of Dutch-Bangla Bank Limited (DBBL) has recommended 30 percent cash dividend for the year ended on December 31, 2017.

The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on March 29 in Dhaka.

The record date for entitlement of dividend is on March 14.

The bank has also reported earnings per share (EPS) of BDT 12.28, net asset value (NAV) per share of BDT 97.41 and net operating cash flow per share (NOCFPS) of BDT 58.66 for the year ended on December 31, 2017 as against BDT 8.88, BDT 88.36 and BDT 24.57 respectively for the same period of the previous year.

In 2016, the bank also disbursed 30 percent cash dividend.

Each share of the bank, which was listed on the Dhaka bourse in 2001, closed at BDT 141.90 Thursday last at the Dhaka Stock Exchange (DSE).

The bank’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 million.

The sponsor-directors own 87 percent stake in the bank, while institutional investors own 4.82 percent, foreign 0.13 percent and general public 8.05 percent as on January 31, 2018, the DSE data shows.

United Finance: The board of directors of United Finance has recommended 10 percent cash and 5.0 percent stock dividend for the year ended on December 31, 2017.

The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on April 26 in Dhaka.

The record date for entitlement of dividend is on March 18.

The company has also reported earnings per share (EPS) of BDT 1.44, net asset value (NAV) per share of BDT 16.95 and net operating cash flow per share (NOCFPS) of BDT 0.45 for the year ended on December 31, 2017 as against BDT 1.76, BDT 16.47 and BDT (3.72) respectively for the same period of the previous year.

In 2016, the company also disbursed 10 percent cash and 5.0 percent stock dividend.

Each share of the company, which was listed on the Dhaka bourse in 1994, closed at BDT 21.30 on Thursday last at the Dhaka Stock Exchange (DSE).

The company’s paid-up capital is BDT 1.78 billion and authorised capital is BDT 3.0 billion, while the total number of securities is 178.20 million.

The sponsor-directors own 52.48 percent stake in the company, while institutional investors own 26.70 percent, foreign 0.83 percent and general public 19.99 percent as on January 31, 2018, the DSE data shows.

There will be no price limit on the trading of the shares of these two companies today following their corporate declarations.

BBN/SSR/SR