Dhaka, Bangladesh (BBN)-The Board of Directors Pragati Life Insurance has recommended 17 per cent cash dividend and 5.0 per cent stock dividend for the year ended on December 31, 2014, said an office disclosure on Thursday.
The life insurer recommended dividend out of the surplus emerged in 2014 together with accumulated surplus for the year 2013.
The final approval will come from the annual general meeting (AGM) scheduled to be held on September 29 at 11am at the TCB-Auditorium, TCB Bhaban-1, Kawran Bazar, Dhaka-1215. The record date is August 20.
There will be no price limit on the trading of the shares of the Company today following its corporate declaration.