Dhaka, Bangladesh (BBN)– The board of directors three more listed companies have recommended dividend for the year ended on December 31, 2017, according to separate official disclosures on Monday.

The companies are Uttara Bank, Bank Asia and Continental Insurance.

Uttara Bank: The board of directors Uttara Bank Limited has recommended 20 percent cash dividend for the year ended on December 31, 2017.

The final approval of the dividend will come during the annual general meeting scheduled to be held on May 24 in Dhaka.
The record date for entitlement of dividend is May 3.

The bank has also reported consolidated earnings per share (EPS) of BDT 3.83, consolidated net asset value (NAV) per share of BDT 34.81 and consolidated net operating cash flow per share (NOCFPS) of minus BDT 7.17 for the year ended on December 31, 2017 as against BDT 3.86, BDT 33.52 and BDT 24.65 respectively for the same period of the previous year.

In 2016, the company also disbursed 20 percent cash dividend.

Each share of the bank, which was listed on the Dhaka bourse in 1984 closed at BDT 27.60 on Sunday at the Dhaka

Stock Exchange (DSE), losing 3.15 percent over the previous session.
The bank’s paid-up capital is BDT 4.0 billion and authorised capital is BDT 6.0 billion while the total number of securities is 400.08 million.

The sponsor-directors own 18.15 percent stake in the bank, while the institutional investors 20.68 percent, foreign 2.22 percent and the general public 58.95 percent as on March 29, 2018, the DSE data shows.

Bank Asia: The board of directors Bank Asia has recommended 12.50 percent stock dividend for the year ended on December 31, 2017.

The final approval of the dividend will come during the annual general meeting scheduled to be held on May 14 in Dhaka.

The record date for entitlement of dividend is April 26.

The bank has also reported consolidated earnings per share (EPS) of BDT 2.14, consolidated net asset value (NAV) per share of BDT 21.21 and consolidated net operating cash flow per share (NOCFPS) of minus BDT 2.47 for the year ended on December 31, 2017 as against BDT 1.67, BDT 19.11 and BDT 4.67 respectively for the same period of the previous year.

In 2016, the company disbursed 12 percent stock dividend.

Each share of the bank, which was listed on the Dhaka bourse in 2004 closed at BDT 19.10 on Sunday at the Dhaka Stock Exchange (DSE).

The bank’s paid-up capital is BDT 9.87 billion and authorised capital is BDT 15 billion while the total number of securities is 987.01 million.

The sponsor-directors own 51.66 percent stake in the bank, while the institutional investors 30.90 percent, foreign 0.65 percent and the general public 16.79 percent as on February 28, 2018, the DSE data shows.

Continental Insurance: The board of directors Continental Insurance has recommended 5.0 percent cash and 5.0 percent stock dividend for the year ended on December 31, 2017.

The final approval of the dividend will come during the annual general meeting scheduled to be held on June 27 in Dhaka.

The record date for entitlement of dividend is May 20.

The company has also reported earnings per share (EPS) of BDT 1.49, net asset value (NAV) per share of BDT 19.06 and net operating cash flow per share (NOCFPS) of BDT 1.33 for the year ended on December 31, 2017 as against BDT 1.44, BDT 18.59 and BDT 0.86 respectively for the same period of the previous year.

In 2016, the company also disbursed 5.0 percent cash and 5.0 percent stock dividend.

Each share of the bank, which was listed on the Dhaka bourse in 2008 closed at BDT 18.90 on Sunday at the Dhaka Stock Exchange (DSE).

The company’s paid-up capital is BDT 345.58 billion and authorised capital is BDT 600 million while the total number of securities is 34.55 million.

The sponsor-directors own 30.01 percent stake in the company, while the institutional investors 42.97 percent and the general public 27.02 percent as on February 28, 2018, the DSE data shows.

There will be no price limit on the trading of the shares of these three companies today following their corporate declarations.

BBN/SSR/SR