Exim Bank recommends 15pc dividend

Dhaka,  Wed,  20 September 2017
Published : 20 Apr 2017, 12:28:34

Exim Bank recommends 15pc cash dividend

Exim Bank recommends 15pc dividend
FE Online Report
The board of directors of Export Import Bank of Bangladesh Limited (EXIM Bank) has recommended 15 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 July 6 at Raowa Convention Centre in Dhaka.

The record date for entitlement of dividend is on May11.

The bank has also reported consolidated earnings per share (EPS) of Tk 2.15, consolidated net asset value (NAV) per share of Tk 18.74 and consolidated net oprating cash flow per share (NOCFPS) of Tk (3.42) for the year ended on December 31, 2016 as against Tk 1.48, Tk 17.79 and Tk 7.76 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 bank, which was listed on the Dhaka bourse in 2004, closed at Tk 13.90 on Wednesday at DSE.

In 2015, the company disbursed 12 per cent cash dividend.

The bank’s paid-up capital is Tk 14.12 billion and authorised capital is Tk 20 billion, while the total number of securities is 1.41 billion.

Sponsor-directors own 42.83 per cent stake in the bank, while the institutional investors own 17.85 per cent, foreign investors 3.23 per cent and the general public 36.09 per cent as on March 31, 2017, the DSE data shows.

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