The board of directors of Premier Bank Limited has recommended 15 per cent stock dividend for the year ended on December 31, 2017.
The final approval of the dividend will come during the annual general meeting scheduled to be held on May 14 in Dhaka, said an official disclosure on Thursday.
The record date for entitlement of dividend is April 25.
The company has also reported consolidated earnings per share of Tk 2.83, consolidated net asset value per share of Tk 18.91 and consolidated net operating cash flow per share of Tk 3.58 for the year ended on December 31, 2017 as against Tk 2.30, Tk 17.12 and Tk 2.82 respectively for the same period of the previous year.
In 2016, the company disbursed 10 per cent cash and 2.0 stock dividends.
There will be no price limit on the trading of the shares of the bank today (Thursday) following its corporate declaration.
Each share of the bank, which was listed on the Dhaka bourse in 2007, closed at Tk 1 14.20 on Wednesday at the Dhaka Stock Exchange.
The bank’s paid-up capital is Tk 6.95 billion and authorised capital is Tk 10 billion while the total number of securities is 695.20 million.
The sponsor-directors own 33.22 per cent stake in the bank, while the institutional investors 16.77 per cent and the general public own 50.01 per cent as on February 28, 2018, the DSE data shows.
