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The Financial Express
Swasti Lankabangla Swasti Lankabangla

Dhaka Bank declares 10pc dividend

Record date for entitlement of dividend July 14


| Updated: June 25, 2020 10:58:43


Illustrative photo Illustrative photo

Dhaka Bank Ltd has recommended 5.0 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2019.

The board of directors of the bank in a virtual meeting on Tuesday adopted the audited financial statements for the year ended on December 31, 2019 and recommended the dividend.

The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on August 6 at 11:30am through digital platform.

The record date for entitlement of the dividend is July 14.

The bank has reported consolidated earnings per share (EPS) of Tk 1.90 for the year ended on December 31, 2019 which was Tk 1.65 in the previous year.

Its consolidated net asset value (NAV) per share was Tk 20.97 for the year ended on December 31, 2019 as against Tk 20.22 of the previous year.

The bank’s net operating cash flow per share (NOCFPS) was Tk 7.30 for the year ended on December 31, 2019, which was Tk 1.41 in the previous year.

The bank also disclosed first quarter (Q1) earnings results on Wednesday. As per the disclosure, the bank’s consolidated EPS was Tk 0.68 for January-March 2020 which was Tk 0.50 for January-March 2019.

In 2018, the bank also disbursed 5.0 per cent cash and 5.0 per cent stock dividend.

There will be no price limit on the trading of the shares of the bank today following its corporate declaration; however, the floor price shall be applicable accordingly as per the securities regulator’s directive dated on March 19.

Each share of the bank, which was listed on the Dhaka bourse in 2000, closed at Tk 9.90 on Tuesday.

In the last one year, its share traded between Tk 9.20 and Tk 14 per share.

The bank’s paid-up capital is Tk 8.53 billion, authorised capital is Tk 10 billion and the total number of securities is 853.21 million.

Sponsor-directors own 40.62 per cent stake in the bank while institutional investors own 13.05 per cent and general public 46.33 per cent as on February 29, 2020, the DSE data showed.

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