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The Financial Express

Prime Life Insurance declares ‘no’ dividend for first time after listing

| Updated: June 24, 2021 10:22:52


Prime Life Insurance declares ‘no’ dividend for first time after listing

The board of directors of Prime Islami Life Insurance has recommended ‘no’ dividend for the year ended on December 31, 2020.

The life insurer declared ‘no’ dividend for the first time after listing with the stock market in 2007, according to Dhaka Stock Exchange (DSE) data.

The annual general meeting (AGM) will be held on August 23 at 11:00am using the digital platform.

The record date is July 12, said the life insurer in a filing with the DSE on Tuesday.

Each share of the company, which was listed on the DSE in 2007, closed at Tk 89 on Monday at the DSE. Its shares traded between Tk 46.90 and Tk 97 in the last one year.

The company disbursed 10 per cent cash dividend for the year ended on December 31, 2019.

The company’s paid-up capital is Tk 305.20 million, authorised capital is Tk 500 million and the total number of securities is 30.52 million.

The sponsor-directors own 38.08 per cent stakes in the company while the institutional investors own 44.77 per cent, foreign investors 0.05 per cent and the general public 17.10 per cent as of May 31, 2021, the DSE data shows.

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

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