Meghna Life recommends 25pc dividend

Dhaka,  Thu,  21 September 2017
Published : 13 Jul 2017, 11:41:16

Meghna Life recommends 25pc dividend

Meghna Life recommends 25pc dividend
FE Online Report 
The Board of Directors of Meghna Life Insurance Company Limited has recommended 20 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2016, said an official disclosure on Thursday.

The final approval will come during the Annual General Meeting (AGM) scheduled to be held on September 28 at 10:30 am at Meghna-Karnaphuli Bima Bhaban.

The record date for entitlement of dividend is on 2 August.

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

Each share of the company, which was listed on the Dhaka bourse in 2005, closed at Tk 58.20 on Wednesday at Dhaka Stock Exchange (DSE).

The company’s paid-up capital is Tk 319.26 million and authorised capital is Tk 600 million, while the total number of securities is 31.92 million.

 The sponsor-directors own 18.43 per cent stake in company, while institutional investors own 40.29 per cent, general insurance 41.28 per cent as on June 30, 2017, the DSE data shows.
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