Dhaka, Bangladesh (BBN) – Nitol Insurance Company has recommended 13 per cent stock dividend for the year ended on December 31, 2016, said an official disclosure on Tuesday.
The final approval of shareholders will come during the annual general meeting (AGM) scheduled to be held June 6 at 11:00am at Trust Milonayaton in Dhaka.
The record date for entitlement of dividend is on May 2.
The company has also reported earnings per share (EPS) of BDT 2.77, net asset value (NAV) per share of BDT 24.18 and net operating cash flow per share (NOCFPS) of BDT 4.05 for the year ended on December 31, 2016 as against BDT 2.63, BDT 23.98 and BDT 1.64 respectively for the same period of the previous year.
There will be no price limit on the trading of the shares of the company today following its corporate declaration.
Each share of company, which was listed on the Dhaka bourse in 2005, closed at BDT 25.10 on Monday at DSE.
The company disbursed 12 per cent cash dividend in 2015.
The company’s paid-up capital is BDT 312 million and authorised capital is BDT 500 million, while the total number of securities is 3.12 million.
Sponsor-directors own 44.29 per cent stake in the company, while the institutional investors own 20.86 per cent and the general public 34.85 per cent as on March 31, 2017, the DSE data shows.