Dhaka, Bangladesh (BBN)– The board of directors of Standard Insurance has recommended 10 percent stock dividend for the year ended on December 31, 2016, said an official disclosure on Thursday.
The final approval will come during the annual general meeting (AGM) scheduled to be held on July 27 at 10am at Spectra Convention Centre in Dhaka.
The record date for entitlement of the stock dividend is on July 5.
The company has also reported earnings per share (EPS) of BDT 0.98, for the year ended on December 31, 2016 as against BDT 2.59 in the same period a year ago.
The net asset value (NAV) per share of BDT 17.26 for the year ended on December 31, 2016 as against BDT 17.91 in the same period a year ago.
And net operating cash flow per share (NOCFPS) of BDT (0.40) for the year ended on December 31, 2016 as against BDT 0.002 for the same period of the previous year.
The company also disclosed first quarter (Q1) financial statement on Thursday. As per Q1 reports, EPS was BDT 0.44 for January-March, 2017 as against BDT 0.07 for January-March, 2016.
There will be no price limit on the trading of the shares of the company today following its corporate declaration.
The company’s share price closed at BDT 20.60 each on Wednesday, advancing 5.64 percent over the previous session.
Standard Insurance, which was listed on the Dhaka bourse in 2008, disbursed 10 percent stock dividend in 2015.
The company’s paid-up capital of the company is BDT 325.29 million and authorised capital is BDT 1.0 billion while total number of securities is 32.53 million.
Sponsor-directors own 52.40 percent stake in the company, while institutional investors own 14.80 percent and general public 32.80 percent as of April 30, 2017, the DSE data showed.