The Financial Express

Pubali Bank declares 12.50pc cash dividend for 2020

| Updated: April 14, 2021 10:15:58

Pubali Bank declares 12.50pc cash dividend for 2020

The board of directors of Pubali Bank has recommended 12.50 per cent cash dividend for the year ended on December 31, 2020.

The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on June 3 at 10:30am through hybrid system: physical presence and digital platform.

The record date is May 9, the company said in a filing with the Dhaka Stock Exchange (DSE) on Tuesday.

The bank has also reported consolidated EPS of Tk 3.60, consolidated NAV per share of Tk 37.63 and consolidated NOCFPS of Tk. 4.02 for the year ended on December 31, 2020 as against Tk. 2.10, Tk. 31.24 (restated) and negative Tk. 0.32 respectively for the same period of the previous year.

The bank has informed that the board of directors has approved the revaluation report on the land and building of the company. Total value of land and building has been decreased from Tk 317,76,77,337 to Tk 265,72,33,396 resulting in total decrease of Tk 52,04,43,941 which has been adjusted with the assets revaluation reserve under other reserves in the balance sheet.

There will be no price limit on the trading of the shares of the bank today following its corporate declaration; however, as per the BSEC order dated March 19, 2020, the floor price shall be applicable accordingly.

In 2019, the bank disbursed 10 per cent cash dividend.

Each share of the bank, which was listed on the DSE in 1984, closed at Tk 23.10 on Monday.

The bank’s shares traded between Tk 20.50 and Tk 26 in the last one year.

The company’s paid-up capital is Tk 10.28 billion and authorised capital is Tk 20 billion, while the total number of securities is 1.02 billion.

The sponsor-directors own 30 per cent stake in the bank while the institutional investors own 26.94 per cent, foreign investors 0.42 per cent and the general public 42.64 per cent as on February 28, 2021, the DSE data shows.

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