The Financial Express

First Security Islami Bank declares 10pc dividend

| Updated: May 19, 2021 14:09:09

First Security Islami Bank declares 10pc dividend

The board of directors of First Security Islami Bank has recommended 5.0 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2020.

The final approval of the dividend, however, will come during the annual general meeting (AGM) scheduled to be held on July 7 at 10:00 am using the digital platform.

The record date is set for June 6, the bank said in a filing with the Dhaka Stock Exchange (DSE) on Wednesday.

The bank has also reported consolidated EPS of Tk 2.93, consolidated NAV per share of Tk 18.91 and consolidated NOCFPS of Tk 7.44 for the year ended on December 31, 2020 as against Tk 2.19 (restated), Tk 15.98 (restated) and Tk 6.69 (restated) respectively for the same period of the previous year.

The bank has also informed that bonus shares have been declared to strengthen the capital base of the bank.

In 2019, the bank had disbursed a 10 per cent stock dividend.

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

Each share of the bank, which was listed on the DSE in 2008, closed at Tk 9.80 on Tuesday. Its shares traded between Tk 8.20 and Tk 11.30 in the last year.

The bank’s paid-up capital is Tk 9.48 billion and authorised capital is Tk 10 billion, while the total number of securities is 948.76 million.

The sponsor-directors own 33.34 per cent stake in the bank while the institutional investors own 20.76 per cent, foreign investors 1.97 per cent and the general public 43.93 per cent as on March 31, 2021, the DSE data show.

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