Popular Life Ins recommends 40% cash dividend

Last updated: June 12, 2016

Dhaka, Bangladesh (BBN)- The Board of Directors of Popular Life Insurance Limited has recommended 40 percent cash dividend for the year ended on December 31, 2015, said an office disclosure on Sunday.
The final approval will come during the annual general meeting scheduled to be held on August 10 at 11:30am at Hotel Purbani International in Dilkusha, Dhaka.
The record date is on June 30.
The life insurer has also reported earnings per share (EPS) of BDT 4.46, net asset value (NAV) per share of BDT 58.72 and net operating cash flow per share (NOCFPS) of BDT (44.39) for the year ended on December 31, 2015 as against BDT 4.05, BDT 53.03 and BDT 17.60 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 (Sunday) following its corporate declaration.
Thursday’s closing price of each Popular Life Insurance’s share was BDT 70.60.
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