Dhaka, Bangladesh (BBN)-The IFIC Bank has recommended 12 per cent stock dividend, said an official disclosure on Thursday.
The board of directors of IFIC Bank 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 August 20 at 11:00am at Officers Club in Dhaka.
The record date is on June 12.
The bank has also reported consolidated earnings per share (EPS) of BDT 2.10, net asset value (NAV) per share of BDT 24.57 and net operating cash flow per share (NOCFPS) of BDT (3.13) for the year ended on December 31, 2015 as against BDT 3.51(restated), BDT 25.58 (restated) and BDT 11.38 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.