The Financial Express

NCC Bank declares 15pc dividend for 2020

| Updated: April 28, 2021 10:30:41

NCC Bank declares 15pc dividend for 2020

The board of directors of National Credit and Commerce (NCC) Bank has recommended 7.50 per cent cash and 7.50 per cent stock dividend for the year ended on December 31, 2020.

The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on August 5 at 12:00 noon through a digital platform.

The record date is set on June 3, the company said in a filing with the Dhaka Stock Exchange (DSE) on Tuesday.

The bank has also reported consolidated earnings per share (EPS) of Tk 2.36, consolidated net asset value (NAV) per share of Tk 22.15 and consolidated net operating cash flow per share (NOCFPS) of Tk 2.03 for the year ended on December 31, 2020 as against Tk 2.26, Tk. 20.60 and Tk 4.51 respectively for the same period of the previous year.

In 2019, the bank disbursed 15 per cent cash and 2.0 per cent stock dividend.

Each share of the bank, which was listed on the DSE in 2000, closed at Tk 13.50 on Monday. Its shares traded between Tk 11.50 and Tk 15 in the last one year.

The company’s paid-up capital is Tk 9.45 billion and authorised capital is Tk 20 billion, while the total number of securities is 945.92 million.

The sponsor-directors own 37.58 per cent stake in the bank while the institutional investors own 21.08 per cent, foreign investors 0.55 per cent and the general public 40.79 per cent as of March 31, 2021, the DSE data shows.

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