Dhaka, Bangladesh (BBN)-Global Insurance Ltd has recommended 10 per cent stock dividend, said an official disclosure on Wednesday.
The board of directors of Global Insurance 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 28 at 11:00am at Purana Paltan in Dhaka.
The record date is on April 11.
The company has also reported earnings per share (EPS) of BDT 1.03, net asset value (NAV) per share of BDT 12.91 and net operating cash flow per share (NOCFPS) of BDT 1.13 for the year ended on December 31, 2015 as against BDT 1.15, Tk 13.07 and BDT 1.10 respectively 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.
BBN/SK/AD