Pubali Bank recommends 13pc div

Dhaka,  Sun,  26 March 2017
Published : 13 Mar 2017, 11:01:44
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Pubali Bank recommends 13pc div

FE Online Report
The Board of Directors of Pubali Bank has recommended 5.0 per cent cash and 8.0 per cent stock dividend for the year ended on December 31, 2016, officials said.

The dividend approval came at a meeting of board of directors of the bank held on Sunday.

The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on April 27 at 10:30am at Pubali Bank head office in Dhaka.

The record date for entitlement of dividend is on April 05.

The bank has also reported consolidated earnings per share (EPS) of Tk 1.58, consolidated net asset value (NAV) per share of Tk 27.85 and consolidated net operating cash flow per share (NOCFPS) of Tk 8.24 for the year ended on December 31, 2016 as against Tk 3.34, Tk 27.48 and Tk 2.87 respectively for the same period of the previous year.

There will be no price limit on the trading of the shares of the company today (Monday) following its corporate declaration.

Each share price of the company, which was listed on the Dhaka bourse in 1984, closed at Tk 25.40 on Sunday.

The company disbursed 12 per cent cash dividend the year ended on December 31, 2015.

The company’s paid-up capital is Tk 8.80 billion and authorised capital is Tk 20 billion, while the total number of securities is 880,373,812.

The sponsor-directors own 28.87 per cent stake in Pubali Bank, while institutional investors  24.24 per cent, foreigners  1.13 per cent and the general public 45.76 per cent as on February 28, 2017, the DSE data shows.

-bb/rmc//

 

 
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