Dhaka, Bangladesh (BBN) – UCB Limited has recommended 15 per cent cash dividend for the year ended on December 31, 2016, officials said.
The board of directors of dividend recommendation came at a meeting of the board of directors of the bank held on Tuesday evening in capital city Dhaka.
However, the final approval will come during the annual general meeting (AGM) scheduled to be held on May 11 in Dhaka.
The record date for entitlement of dividend is on April 25.
The bank has also reported earnings per share (EPS) of BDT 2.49 and net asset value (NAV) per share of BDT 24.43 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 price of the bank, which was listed on the Dhaka bourse in 1986, closed at BDT 21.30 on Tuesday.
In 2015, the bank disbursed 20 per cent cash and 5.0 per cent stock dividend.
The company’s paid-up capital is BDT 10.54 billion and authorised capital is BDT 15 billion, while the total number of securities is 1.05 billion.
The sponsor-directors own 39.02 per cent stake in the bank, while government owns 0.81 per cent, institutional investors 13.20 per cent, foreigners 0.01 per cent and the general public 46.96 per cent as on February 28, 2017, the DSE data shows.
BBN/MS/SK