Dhaka, Bangladesh (BBN)-The Islami Bank has recommended 20 per cent cash dividend, said an official disclosure on Wednesday.
The board of directors of Islami 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 June 2 at 10:00am.
The value will be notified later on.
The record date is on May 11.
The bank has also reported consolidated earnings per share (EPS) of BDT 1.96, consolidated net asset value (NAV) per share of BDT 29.37 and consolidated net operating cash flow per share (NOCFPS) of BDT 8.84 for the year ended on December 31, 2015.
The bank disbursed 15 per cent cash dividend last year.
There will be no price limit on the trading of the shares of the Company today following its corporate declaration.
Tuesday’s closing price of each Islami Bank share was BDT 25.30.