Dhaka, Bangladesh (BBN) - Pubali Bank has recommended 5.0 per cent cash and 8.0 per cent stock dividend for the year ended on December 31, 2016, said an official disclosure on Sunday.
The board of directors approval of dividend came at a meeting of board of directors of the bank held on Sunday.
The final approval of this dividend will come during the annual general meeting (AGM) scheduled to be held on April 27 at 10:30am at Pubali Bank head office in Dhaka.
The record date for entitlement of dividend is on April 05.
The bank has also reported consolidated earnings per share (EPS) of BDT 1.58, consolidated net asset value (NAV) per share of BDT 27.85 and consolidated net operating cash flow per share (NOCFPS) of BDT 8.24 for the year ended on December 31, 2016 as against BDT 3.34, BDT 27.48 and BDT 2.87 respectively 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 price of the company, which was listed on the Dhaka bourse in 1984, closed at BDT 25.40 on Sunday.
The company disbursed 12 per cent cash dividend the year ended on December 31, 2015.
The company’s paid-up capital is BDT 8.80 billion and authorised capital is also BDT 20 billion, while the total number of securities is 880,373,812.
The sponsor-directors own 28.87 per cent stake in Pubali Bank, while institutional investors 24.24 per cent, foreigners 1.13 per cent and the general public 45.76 per cent as on February 28, 2017, the DSE data shows.
BBN/SK/AD