Dhaka, Bangladesh (BBN)-The Peoples Insurance has recommended 10 per cent cash dividend, said an official disclosure on Sunday.
The board of directors of Peoples Insurance proposed the dividend for the year ended on December 31, 2015.
The final approval will come during the annual general meeting (AGM) scheduled to be held on May 31 at 11:00am at Dhaka Ladies Club.
The record date is on May 15.
The company has also reported net profit of BDT 114.44 million, earnings per share (EPS) of BDT 1.82, net asset value (NAV) per share of BDT 22.85 and net operating cash flow per share (NOCFPS) of BDT 2.84 for the year ended on December 31, 2015 as against BDT 176.61 million, BDT 2.09, BDT 22.33 and BDT 2.58 respectively for the year ended on December 31, 2014.
There will be no price limit on the trading of the shares of the Company today following its corporate declaration.
Thursday’s closing price of each Peoples Insurance share was BDT 16.50.