Dhaka, Bangladesh (BBN) – National Life Insurance Company has recommended 20 percent cash and 15 percent stock dividend for the year ended on 31 December in 2017.
The board of directors of the company will give the final approval of the dividend during the annual general meeting (AGM) scheduled to be held on 26 September in 2018.
The AGM will be held at 11:00am in Dhaka, said an official disclosure on Tuesday.
The record date for entitlement of the dividend is on August 20.
In 2016, the company also disbursed 20 percent cash and 15 percent stock dividend.
There will be no price limit on the trading of the shares of the bank on today (Tuesday) following its corporate declaration.
Each share of the company, which was listed on the Dhaka bourse in 1995, closed at BDT 149.50 on Monday at the Dhaka Stock Exchange (DSE).
The company’s paid-up capital is BDT 943.67 million and authorised capital is BDT 2.0 billion while the total number of securities is 94.36 million.
The sponsor-directors own 53.51 percent stake in the company, while the institutional investors own 41.86 percent and the general public 4.63 percent as on June 30, 2018, the DSE data shows.