Dhaka, Bangladesh (BBN) – Shahjalal Islami Bank has recommended 10 per cent cash dividend and 5.0 per cent stock dividend for the year ended on December 31, 2016, said an official disclosure on Thursday.
The board of directors of final approval will come during the annual general meeting (AGM) scheduled to be held on May 24 at RAOWA Convention Hall in Dhaka at 10am.
The record date for entitlement of dividend is on April 27.
The bank has also reported consolidated earnings per share (EPS) of BDT 2.26, consolidated net asset value (NAV) per share of BDT 17.70 and consolidated net operating cash flow per share (NOCFPS) of BDT 5.37 for the year ended on December 31, 2016 as against BDT 1.79, BDT 16.74 and BDT (7.26) 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 bank, which was listed on the Dhaka bourse in 2007, closed at BDT 16.90 on Wednesday.
In 2015, the bank disbursed 13 percent cash dividend.
The company’s paid-up capital is BDT 7.34 billion and authorised capital is BDT 10 billion, while the total number of securities is 734.68 million.
The sponsor-directors own 41.08 per cent stake in the bank, while institutional investors 33.70 per cent and the general public 25.22 per cent as on February 28, 2017, the DSE data shows.