Dhaka, Bangladesh (BBN) – Karnaphuli Insurance Company has recommended 6.0 percent cash and 5.0 percent stock dividend for the year ended on December 31 in 2017, said an official disclosure on Wednesday.
The board of directors of the company give the final approval of the dividend during the annual general meeting scheduled to be held on May 27 in Dhaka.
The record date for entitlement of dividend is May 20.
The company has also reported earnings per share (EPS) of BDT 1.51, net asset value (NAV) per share of BDT 20.06 and net operating cash flow per share (NOCFPS) of BDT 2.0 for the year ended on December 31, 2017 as against BDT 1.36, BDT 19.50 and BDT 1.01 respectively for the same period of the previous year.
In 2016, the company disbursed 10 percent cash dividend.
Each share of the compnay, which was listed on the Dhaka bourse in 1995 closed at BDT 15.30 on Tuesday at the Dhaka Stock Exchange (DSE).
The company’s paid-up capital is BDT 407.04 billion and authorised capital is BDT 600 million while the total number of securities is 40.70 million.
The sponsor-directors own 29.27 percent stake in the company, while the institutional investors 14.53 percent, and the general public 56.20 percent as on March 31, 2018, the DSE data shows.
BBN/SS/AD
