Dhaka, Bangladesh (BBN) – Pioneer Insurance and Eastland Insurance Company have recommended dividend for the year ended on December 31, 2016, according to separate official disclosures on Monday.
PIONEER INSURANCE: The board of directors of Pioneer Insurance Company has recommended 15 per cent cash dividend for the year ended on December 31, 2016.
The final approval of shareholders will come during the annual general meeting (AGM) scheduled to be held on May 23 at 11:00am at Spectra Convention Centre in Dhaka.
The record date for entitlement of dividend is on May 8.
The company has also reported earnings per share (EPS) (after tax) of BDT 2.55, EPS (after tax and reserve) of BDT 1.80 for the year ended on December 31, 2016 as against BDT 2.74 and BDT 2.01 respectively for the previous year.
The net asset value (NAV) per share of BDT 31.60 for the year ended on December 31, 2016 as against BDT 26.95 for the previous year.
And net operating cash flow per share (NOCFPS) of BDT 0.70 for the year ended on December 31, 2016 as against BDT 0.23 for the same period of the previous year.
There will be no price limit on the trading of the shares of the company today (Monday) following its corporate declaration.
Each share of company, which was listed on the Dhaka bourse in 2001, closed at BDT 32.30 on Sunday at DSE.
In 2015, the company disbursed 15 per cent cash and 10 per cent stock dividend.
The company’s paid-up capital is BDT 699 million and authorised capital is BDT 1.0 billion, while the total number of securities is 69.98 million.
Sponsor-directors own 45.14 per cent stake in the company, while the institutional investors own 23.17 per cent and the general public 31.69 per cent as on March 31, 2017, the DSE data shows.
EASTLAND INSURANCE: The board of directors of Eastland Insurance Company has recommended 10 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2016, said an official disclosure on Monday.
The final approval of shareholders will come during the annual general meeting (AGM) scheduled to be held on May 24 at 3:00pm at Spectra Convention Centre in Dhaka.
The record date for entitlement of dividend is on May 8.
The company has also reported consolidated earnings per share (EPS) of BDT 1.98 for the year ended on December 31, 2016 as against BDT 1.84 for the same period a year ago.
The net asset value (NAV) per share of BDT 24.36 for the year ended on December 31, 2016 as against BDT 22.47 for the previous year.
And net operating cash flow per share (NOCFPS) of BDT 0.90 for the year ended on December 31, 2016 as against BDT 1.0 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 1994, closed at BDT 22.40 on Sunday at DSE.
In 2015, the company disbursed 10 percent cash and 10 percent stock dividend.
The company’s paid-up capital is BDT 654 million and authorised capital is BDT 1.0 billion, while the total number of securities is 65.44 million.
Sponsor-directors own 34.39 per cent stake in the company, while the institutional investors own 31.31 per cent and the general public 34.30 per cent as on March 31, 2017, the DSE data shows.
BBN/SK/AD