Dhaka, Bangladesh (BBN) – Green Delta Insurance Company has recommended 20 per cent cash dividend for the year ended on December 31, 2016, said an official disclosure on Sunday.
The board of directors final approval will come during the annual general meeting scheduled to be held on March 30 at 11:00am at Spectra Convention Center at Gulshan-1 in Dhaka.
The record date for entitlement of cash dividend is on March 5.
The company has also reported earnings per share (EPS) of BDT 3.08, net asset value (NAV) per share of BDT 69.93 and net operating cash flow per share (NOCFPS) of BDT (0.16) for the year ended on December 31, 2016 as against BDT 2.85 BDT 70.54 and BDT 0.46 respectively for the same period of the previous year.
There will be no price limit on the trading of the shares of the company Sunday following its corporate declaration.
Each share of the company, which was listed on the Dhaka bourse in 1989, closed at BDT 63.80 on Thursday last.
However, the company disbursed 25 percent cash dividend for the year ended on December 31, 2015.
The general insurance company’s paid-up capital is BDT 806.91 million and authorised capital is BDT 5000 million, while the total number of securities is 80,691,187.
The total market capitalisation stood at BDT 5148 million as on Thursday.
The sponsor-directors own 50.78 per cent stake in Green Delta, while institutional investors own 18.73 per cent, foreign investors 8.25 per cent and the general public 22.24 percent as on December 29, 2016, the DSE data shows.