Dhaka, Bangladesh (BBN)-Industrial Promotion & Development Company (IPDC) and Reliance Insurance Company recommended dividend for the year ended on December 31, 2015, said separate official disclosures on Tuesday.
IPDC: The Board of Directors of Industrial Promotion & Development Company (IPDC) has recommended 20 percent stock dividend for the year ended on December 31, 2015.
The final approval will come during the annual general meeting (AGM) scheduled to be held on March 30 at 9:00am at Trust Milonayaton in Dhaka Cantonment.
The record date is on March 8.
The company has also reported earnings per share (EPS) of BDT 1.90 net asset value (NAV) per share of BDT 19.60 and net operating cash flow per share (NOCFPS) of BDT 0.97 for the year ended on 31.12.2015 as against BDT 1.31, BDT 18.15 and BDT (0.12) respectively for the year ended on 31.12.2014.
The company’s each share closed at BDT 29.1 on Tuesday, losing 1.0 per cent over the previous session.
Reliance Ins: The Board of Directors of Reliance Insurance Company has recommended 15 per cent cash dividend and 15 per cent stock dividend for the year ended on December 31, 2015.
The final approval will come during the annual general meeting (AGM) scheduled to be held on March 31 at 9:00am at Trust Milonayaton in Dhaka Cantonment.
The record date is on March 8.
The Company has also reported net profit after tax of BDT 316.67 million, EPS of BDT 4.61, NAV per share of BDT 60.49 and NOCFPS of BDT 2.88 for the year ended on December 31, 2015.
Following the dividend news, the company’s share rose 11.13 per cent to close at BDT 51.9 on Tuesday.
BBN/SK/AD