Uttara Bank recommends 20pc dividend

Dhaka,  Sat,  22 July 2017
Published : 13 Apr 2017, 14:04:51
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Uttara Bank recommends 20pc dividend

Uttara Bank recommends 20pc dividend
FE Online Report
The Board of Directors of Uttara Bank Limited has recommended 20 per cent cash dividend for the year ended on December 31, 2016, said an official disclosure on Thursday.

The final approval of shareholders will come during the Annual General Meeting (AGM) scheduled to be held on May 24 at 11:00am at International Convention City, Bashundhara in Dhaka.

The record date for entitlement of dividend is on May 4.

The bank has also reported consolidated earnings per share (EPS) of Tk 3.86, consolidated net asset value (NAV) per share of Tk 33.52 and consolidated net operating cash flow per share (NOCFPS) of Tk 24.65 for the year ended on December 31, 2016 as against Tk 3.78, Tk. 33.00 and Tk. 40.35 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 (Thursday) following its corporate declaration.

Each share of company, which was listed on the Dhaka bourse in 1984, closed at BDT 25 on Wednesday at DSE.

Each share of company, which was listed on the Dhaka bourse in 2008, closed at Tk 116.20 on Wednesday at DSE.

The company’s paid-up capital is Tk 4.0 billion and authorised capital is Tk 6.0 billion, while the total number of securities is 400.08 million.

Sponsor-directors own 12.59 per cent stake in the bank, while the institutional investors own 25.90 per cent, foreigners 1.54 per cent and the general public 59.98 per cent as on March 31, 2017, the DSE data shows.

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