Dhaka, Bangladesh (BBN) - Trust Bank Limited has recommended 15 per cent cash dividend and 10 per cent stock dividend for the year ended on December 31, 2016, said an official disclosure on Wednesday.
The board of directors of final approval will come during the annual general meeting scheduled to be held on May 24 at 11:00am at Trust Milonayaton in Dhaka.
The record date for entitlement of dividend is on April 6.
The bank has also reported consolidated earnings per share (EPS) of BDT 3.98, consolidated net asset value (NAV) per share of BDT 22.75 and consolidated net operating cash flow per share (NOCFPS) of BDT 28.96 for the year ended on December 31, 2016 as against BDT 3.04, BDT 21.00 and BDT 9.74 respectively for the same period of the previous year.
There will be no price limit on the trading of the shares of the bank today following its corporate declaration.
The bank has requested the members to update their beneficiary owner (BO) accounts with mailing address, contact number, bank details and e-mail address with their respective DPs (Depository Participants) before Record Date.
The members are also requested to update their E-Tin numbers with their respective Depository Participants (DPs) before record date failing of which will cause income tax at source to be deducted at 15 per cent instead of 10 per cent on cash dividend, under section 54 of Income Tax Ordinance 1984.
BBN/SK/AD