Dhaka, Bangladesh (BBN)-The board of directors of Mutual Trust Bank Ltd has recommended 20 per cent stock dividend for the year ended on December 31, 2015, said an official disclosure on Wednesday.
The final approval will come during the annual general meeting scheduled to be held on April 25 at 10:00am at the International Convention City Bashundhara in Dhaka.
The record date is on April 5.
The bank has also reported earnings per share (EPS) of BDT 3.70, net asset value (NAV) per share of BDT 24.18 and net operating cash flow per share (NOCFPS) of BDT 11.58 for the year ended on December 31, 2015 as against BDT 2.60 (restated), BDT 22.00 and BDT (4.57) respectively for the year ended on December 31, 2014.
There will be no price limit on the trading of the shares of the bank today (Wednesday) following its corporate declaration.
Tuesday’s closing price of each MTB share was BDT 17.