Dhaka, Bangladesh (BBN) – The board of directors of Meghna Life Insurance has declared 20 percent cash and 5.0 percent stock dividend for the year ended on December 31 in 2016, said an official disclosure on Thursday.
The final approval will come during the annual general meeting (AGM) scheduled to be held on September 28 at 10:30 am at Meghna-Karnaphuli Bima Bhaban, the disclosure added.
The record date for entitlement of dividend is on 2 August.
There will be no price limit on the trading of the shares of the company today following its corporate declaration.
Each share of the company, which was listed on the Dhaka bourse in 2005, closed at BDT 58.20 on Wednesday at Dhaka Stock Exchange (DSE).
The company’s paid-up capital is BDT 319.26 million and authorised capital is BDT 600 million, while the total number of securities is 31.92 million.
The sponsor-directors own 18.43 percent stake in company, while institutional investors own 40.29 percent, general insurance 41.28 percent as on June 30, 2017, the DSE data shows.