Fareast Life Ins recommends 35pc dividend

Dhaka,  Sun,  24 September 2017
Published : 20 Aug 2017, 12:17:00
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Fareast Life Ins recommends 35pc dividend

FE Online Report
The board of directors of Fareast Islami Life Insurance Company has recommended 15 per cent cash and 20 per cent stock dividend for the year ended on December 31, 2016, said an official disclosure on Sunday.

The final approval will come during the annual general meeting (AGM) scheduled to be held on October 22 at 11:30am at Fareast Tower, 35 Topkhana Road in Dhaka.

The record date for entitlement of dividend is September 21.

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

Each share of company, which was listed on the Dhaka bourse in 2005, closed at Tk 72 on Thursday last at Dhaka Stock Exchange (DSE.

 
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