Dhaka, Bangladesh (BBN)-The United Insurance has recommended 6.0 per cent cash dividend and 5.0 per cent stock dividend, said an official disclosure on Monday.
The board of directors of United Insurance proposed the dividend for the year ended on December 31, 2015.
The final approval will come during the annual general meeting scheduled to be held on May 11 at 10:00am at the Dhaka Ladies Club, New Eskaton in Dhaka.
The record date is on April 18.
The non-life insurer has also reported profit after tax of BDT 124.31 million, earnings per share (EPS) of BDT 3.11, net asset value (NAV) per share of BDT 27.75 and net operating cash flow per share (NOCFPS) of BDT (0.26) for the year ended on December 31, 2015 as against BDT 116.64 million, BDT 2.92, BDT 25.76 and BDT (0.72) respectively for the year ended on December 31, 2014.
There will be no price limit on the trading of the shares of the company today following its corporate declaration.
Sunday’s closing price of each United Insurance share was BDT 24.9.