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The Financial Express

Rupali Bank declares 10pc stock dividend for 2020

| Updated: June 24, 2021 10:22:52


Rupali Bank declares 10pc stock dividend for 2020

The board of directors of state-run Rupali Bank has recommended 10 per cent stock 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 August 18 at 11:00am using the digital platform.

The record date is July 14, the bank said in a filing with the Dhaka Stock Exchange (DSE) on Tuesday.

The bank has also reported consolidated EPS of Tk 0.49, consolidated NAV per share of Tk 44.10 and consolidated NOCFPS of Tk 206.53 for the year ended on December 31, 2020 as against Tk 1.38, Tk 41.14 and minus Tk 75.31 respectively for the same period of the previous year.

The bank informed that bonus shares have been recommended to strengthen the capital base of the bank to support business growth and maintain capital to risk weighted assets ratio (CRAR) as Bangladesh Bank guidelines.

Stock dividend declared out of current year profit and retained earnings not from revaluation reserve or any unrealised gain or share money deposit.  

Each share of the bank, which was listed on the DSE in 1986, closed at Tk 37.60 on Monday at the DSE. Its shares traded between Tk 21.90 and Tk 40.70 in the last one year.

The company disbursed 5.0 per cent stock dividend for the year ended on December 31, 2019.

The company’s paid-up capital is Tk 4.14 billion, authorised capital is Tk 7.0 billion and the total number of securities is 414.16 million.

The government owns 90.19 per cent stakes in the company while the institutional investors own 4.90 per cent and the general public 4.91 per cent as of May 31, 2021, the DSE data shows.

There will be no price limit on the trading of the shares of the bank today following its corporate declaration.

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