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The board of directors of Dutch-Bangla Bank Limited (DBBL) has recommended 30 per cent cash dividend for the year ended on December 31, 2017, said an official disclosure on Sunday.
The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on March 29 in Dhaka.
The record date for entitlement of dividend is March 14.
The bank has also reported earnings per share (EPS) of Tk 12.28, net asset value (NAV) per share of Tk 97.41 and net operating cash flow per share (NOCFPS) of Tk 58.66 for the year ended on December 31, 2017 as against Tk 8.88, Tk 88.36 and Tk 24.57 respectively for the same period of the previous year.
In 2016, the bank also disbursed 30 per cent cash dividend.
There will be no price limit on the trading of the shares of the company today (Sunday) following its corporate declaration.
Each share of the bank, which was listed on the Dhaka bourse in 2001, closed at Tk 141.90 Thursday last at the Dhaka Stock Exchange (DSE).
The bank’s paid-up capital is Tk 2.0 billion and authorised capital is Tk 4.0 billion, while the total number of securities is 200 million.
The sponsor-directors own 87 per cent stake in the bank, while institutional investors own 4.82 per cent, foreign 0.13 per cent and general public 8.05 per cent as on January 31, 2018, the DSE data shows.