Dhaka, Bangladesh (BBN) – Bangladesh’s Rupali Insurance Company has recommended 10 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2016, officials said on Tuesday.
The dividend approval came at a meeting of the board of directors of the company held on Tuesday in capital city Dhaka.
The final approval of shareholders will come during the annual general meeting (AGM) scheduled to be held on July 5 in Dhaka.
The record date for entitlement of dividend is on May 21.
The company has also reported earnings per share (EPS) of BDT 1.84 and net asset value (NAV) per share of BDT 22.64 for the year ended on December 31, 2016.
There will be no price limit on the trading of the shares of the company on Wednesday following its corporate declaration.
Each share of company, which was listed on the Dhaka bourse in 1995, closed at BDT 20.80 on Tuesday at DSE.
The company also disbursed 10 per cent cash and 5.0 per cent stock dividend in 2015.
The company’s paid-up capital is BDT 632 million and authorised capital is BDT 1.0 billion, while the total number of securities is 63.21 million.
Sponsor-directors own 48.40 percent stake in the company, while the institutional investors own 20.97 per cent and the general public 30.63 per cent as on March 31, 2107, the DSE data shows.