Dhaka, Bangladesh (BBN)– The board of directors of Reliance Insurance Company has recommended 15 percent cash and 10 percent stock dividend for the year ended on December 31, 2017, said an official disclosure on Monday.

The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on March 31 in Dhaka.

The record date for entitlement of dividend is on March 12.

The company has also reported earnings per share (EPS) of BDT 5.28, net asset value (NAV) per share of BDT 64.63 and net operating cash flow per share (NOCFPS) of BDT 1.20 for the year ended on December 31, 2017 as against BDT 4.53, BDT 55.81 and BDT 0.56 respectively for the same period of the previous year.

In 2016, the company also disbursed 15 percent cash and 10 percent stock dividend.

There will be no price limit on the trading of the shares of the company on today following its corporate declaration.
Each share of the company, which was listed on the Dhaka bourse in 1995, closed at BDT 54.60 on Sunday at the Dhaka Stock Exchange (DSE).

The company’s paid-up capital is BDT 869.10 million and authorised capital is BDT 2.0 billion, while the total number of securities is 86.91 million.

The sponsor-directors own 62.36 percent stake in the company, while institutional investors own 5.39 percent, and the general public 32.25 percent as on January 31, 2018, the DSE data shows.

BBN/SSR/AD