Five listed banks declare dividend Sunday

Dhaka, Bangladesh (BBN)– Five listed banks — Eastern Bank, Brac Bank, United Commercial Bank, Pubali Bank and Al-Arafa Islami Bank– on Sunday declared dividend for the year ended on December 31, 2013, according to the Dhaka Stock Exchange (DSE) website.

Eastern Bank and United Commercial Bank recommended 20 percent cash dividend each, Pubali Bank declared 10 percent stock dividend, Barc Bank recommended 10 percent cash and 10 percent stock while Al-Arafa Islami Bank recommended 13.50 percent stock dividend for their investors.

On the other hand, two listed companies — Marico Bangladesh and Prime Finance also made corporate declaration on the same day.

Marico, Bangladesh declared 500 percent interim cash dividend for the year ending on 31st March 2014 based on 9 months financials for the period ended 31st December 2013 and Prime Finance recommended 15 per cent cash dividend.

There will be no price limit on the trading of the shares of these Companies today (Sunday) following their corporate declaration.

BBN/SI/BB-02Mar14-11:52 am (BST)

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