Dhaka, Bangladesh (BBN) – Republic Insurance Company recommended 12.50 percent stock dividend for the year ended on December 31 in 2017, said an official disclosure on Tuesday.
The board of directors of the company will give the final approval of the dividend during the annual general meeting scheduled to be held on May 27 in Dhaka.
The record date for entitlement of dividend is May 10.
The company has also reported earnings per share (EPS) of BDT 1.70, net asset value (NAV) per share of BDT 14.92 and net operating cash flow per share (NOCFPS) of BDT 0.64 for the year ended on December 31, 2017 as against BDT 1.67 (restated), BDT 14.81 (restated) and BDT 0.25 respectively for the same period of the previous year.
In 2016, the company disbursed 12 percent cash dividend.
Each share of the company, which was listed on the Dhaka bourse in 2009 closed at BDT 26.70 on Monday at the Dhaka Stock Exchange (DSE).
The company’s paid-up capital is BDT 350.21 million and authorised capital is BDT 1.0 billion while the total number of securities is 35.02 million.
The sponsor-directors own 62.75 percent stake in the company, while the institutional investors 12.88 percent, and the general public 24.37 percent as on March 31, 2018, the DSE data shows.