Dhaka, Bangladesh (BBN) – Standard Bank and Premier Bank of Bangladesh have recommended dividend for the year ended on December 31 in 2017, according to separate official disclosures on Thursday.

STANDARD BANK: The board of directors Standard Bank Limited has recommended 10 percent stock dividend for the year ended on December 31 in 2017.

The final approval of the dividend will come during the annual general meeting scheduled to be held on May 10 in Dhaka.

The record date for entitlement of dividend is April 25.

The banks has also reported consolidated EPS of BDT 1.56, consolidated NAV per share of BDT 16.94 and consolidated NOCFPS of BDT 0.84 for the year ended on December 31, 2017 as against BDT 1.37, BDT 15.88 and BDT 0.38 respectively for the same period of the previous year.

In 2016, the company disbursed 5.0 percent cash and 5.0 percent stock dividends.

Each share of the bank, which was listed on the Dhaka bourse in 2003, closed at BDT 13 on Wednesday at the Dhaka Stock Exchange.

The bank’s paid-up capital is BDT 7.91 billion and authorised capital is BDT 15 billion while the total number of securities is 791.80 million.

The sponsor-directors own 39.22 per cent stake in the bank, while the institutional investors 19.02 per cent, foreign 2.45 per cent and the general public 39.31 per cent as on February 28 in 2018, the DSE data shows.

PREMIER BANK: The board of directors Premier Bank Limited has recommended 15 percent stock dividend for the year ended on December 31 in 2017.

The final approval of the dividend will come during the annual general meeting scheduled to be held on May 14 in Dhaka.

The record date for entitlement of dividend is April 25.

The company has also reported consolidated EPS of BDT 2.83, consolidated NAV per share of Tk. 18.91 and consolidated NOCFPS of BDT 3.58 for the year ended on December 31, 2017 as against BDT 2.30, BDT 17.12 and BDT 2.82 respectively for the same period of the previous year.

In 2016, the company disbursed 10 per cent cash and 2.0 stock dividends.

Each share of the bank, which was listed on the Dhaka bourse in 2007, closed at BDT1 14.20 on Wednesday at the Dhaka Stock Exchange.

The bank’s paid-up capital is BDT 6.95 billion and authorised capital is BDT 10 billion while the total number of securities is 695.20 million.

The sponsor-directors own 33.22 per cent stake in the bank, while the institutional investors 16.77 per cent and the general public 50.01 per cent as on February 28, 2018, the DSE data shows.

There will be no price limit on the trading of the shares of these two banks today following their corporate declarations.

BBN/SS/AD