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The Board of Directors of Dhaka Bank Limited (DBL) has recommended 5.0 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2018.
The final approval of dividend will come during the annual general meeting (AGM) scheduled for May 20 at InterContinental Dhaka, said an official disclosure on Thursday.
The record date for entitlement of the dividend is May 5, said the disclosure.
The DBL, which was listed on the Dhaka bourse in 2000, disbursed 12.50 per cent stock dividend in 2018.
The bank has also reported consolidated earnings per share (EPS) of Tk 1.73, consolidated net asset value (NAV) per share of Tk 21.23 and consolidated net operating cash flow per share (NOCFPS) of Tk 1.48 for the year ended on December 31, 2018 as against Tk 1.98, Tk 19.48 and Tk 15.15 respectively for the same period of the previous year.
The bank’s paid-up capital is Tk 8.12 billion and authorised capital is Tk 10 billion while the total number of securities is 812.58 million, according to the DSE website.
The sponsor-directors own 39.62 per cent stake in the bank, while the institutional investors own 22.49 per cent, foreign 0.14 per cent and the general public 37.75 per cent.