Dhaka, Bangladesh (BBN)-The Phoenix Insurance Company has recommended 18 per cent cash dividend, said an official disclosure on Sunday.
The board of directors of the company 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 June 2 at 3:30pm at Army Golf Club in Dhaka.
The record date is on April 19.
The company has also reported net profit after tax of BDT 114.66 million, earnings per share (EPS) of BDT 2.84, net asset value (NAV) per share of BDT 31.27 and net operating cash flow per share (NOCFPS) of BDT 3.37 for the year ended on December 31, 2015 as against BDT 138.16 million, BDT 3.42, BDT 32.63 and BDT 2.98 respectively for the year ended on the previous year.
The non-life insurer disbursed 20 per cent cash dividend 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.
The last trading day’s closing price of each Phoenix Insurance share was BDT 22.5.
BBN/SK/AD