Dhaka, Bangladesh (BBN)-The board of directors of United Commercial Bank (UCB) has recommended 20 per cent cash dividend and 5.0 per cent stock dividend for the year ended on December 31, 2015, said an official disclosure on Wednesday.
The final approval will come during the annual general meeting scheduled to be held on March 31, time and venue to be notified later on.
The record date is on March 15.
The company has also reported consolidated earning per share (EPS) of BDT 4.0, consolidated net asset value (NAV) per share of BDT 25.56 and consolidated net operating cash flow per share (NOCFPS) of BDT (4.30) for the year ended on December 31, 2015 as against BDT 3.69, BDT 26.93 and BDT (1.82) respectively for the year ended on December 31, 2014.
The company has also requested the investors to update their respective BO Accounts with 12 digits e-TIN through their respective DPs before the record date.
There will be no price limit on the trading of the shares of the company today (Wednesday) following its corporate declaration.
Tuesday’s closing price of each UCB share was BDT 20.3.