Bank Asia recommends 12pc stock div

Dhaka,  Mon,  01 May 2017
Published : 17 Apr 2017, 11:41:38
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Bank Asia recommends 12pc stock div

FE Online Report
The board of directors of Bank Asia has recommended 12 per cent stock dividend for the year ended on December 31, 2016, said an official disclosure on Monday.

The final approval of shareholders will come during the annual general meeting (AGM) scheduled to be held on July 3 at 11am at Dhaka Ladies Club in Dhaka.

The record date for entitlement of dividend is on May 18.

The bank has also reported consolidated EPS of Tk 1.87, consolidated NAV per share of Tk. 21.41 and consolidated NOCFPS of Tk. 6.09 for the year ended on December 31, 2016 as against Tk. 2.89, Tk. 21.22 and Tk. 21.19 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 following its corporate declaration.

Each share of bank, which was listed on the Dhaka bourse in 2004, closed at BDT 16.90 on Sunday at DSE.

In 2015, the company disbursed 15 per cent cash and 5.0 per cent stock dividend.

The bank’s paid-up capital is Tk 8.81 billion and authorised capital is Tk 15 billion, while the total number of securities is 881.25 million.

Sponsor-directors own 45.32 per cent stake in the bank, while the institutional investors own 35.29 per cent, foreign investors 0.32 per cent and the general public 19.07 percent as on March 31, 2017, the DSE data shows.

-babul/rmc//
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