Trust Bank recommends 25pc div

Dhaka,  Fri,  26 May 2017
Published : 15 Mar 2017, 11:43:09
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Trust Bank recommends 25pc div

FE Online Report
The board of directors of Trust Bank has recommended 15 per cent cash dividend and 10 per cent stock dividend for the year ended on December 31, 2016, said an official disclosure on Wednesday.

The final approval will come during the annual general meeting scheduled to be held on May 24 at 11am at Trust Milonayaton in Dhaka.

The record date for entitlement of dividend is on April 6.

The bank has also reported consolidated earnings per share (EPS) of Tk 3.98, consolidated net asset value (NAV) per share of Tk 22.75 and consolidated net operating cash flow per share (NOCFPS) of Tk 28.96 for the year ended on December 31, 2016 as against Tk 3.04, Tk 21.00 and Tk 9.74 respectively for the same period of the previous year.

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

Each share price of the bank, which was listed on the Dhaka bourse in 2007, closed at Tk 26.70 on Tuesday.

The bank disbursed a total of 15 per cent dividend (7.0 per cent cash and 8.0 per cent stock dividend) for the year ended on December 31, 2015.

The company’s paid-up capital is Tk 5.06 billion and authorised capital is also Tk 10 billion, while the total number of securities is 506,332,924.

The sponsor-directors own 60 per cent stake in Trust Bank, while institutional investors  20.59 per cent, foreigners  1.18 per cent and the general public 17.63 per cent as on February 28, 2017, the DSE data shows.

-bb/rmc//
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