Published :
Updated :
For all latest news, follow The Financial Express Google News channel.
The board of directors of Delta Life Insurance Company Limited has recommended 25 per cent cash dividend for the year ended on December 31, 2017, said an official disclosure on Wednesday.
The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on June 21 at 10:30am at the Delta Life Tower in Dhaka.
The record date for entitlement of dividend is June 6.
In 2016, the company disbursed 20 per cent cash dividend.
There will be no price limit on the trading of the shares of the bank on today (Wednesday) following its corporate declaration.
Each share of the company, which was listed on the Dhaka bourse in 1995, closed at Tk 103.10 on Tuesday at the Dhaka Stock Exchange (DSE).
The company’s paid-up capital is Tk 1.23 billion and authorised capital is Tk 5.0 billion while the total number of securities is 123.75 million.
The sponsor-directors own 42.86 per cent stake in the company, while the institutional investors own 25.48 per cent and the general public 31.66 per cent as on March 31, 2018, the DSE data shows.