The board of directors of National Life Insurance Company Limited has recommended 20 per cent cash and 15 per cent stock dividend for the year ended on 31 December 2017.
The final approval will come during the annual general meeting (AGM) scheduled to be held on 26 September 2018 at 11:00 AM in Dhaka, said an official disclosure on Sunday.
The record date for entitlement of the dividend is on August 20.
In 2016, the company also disbursed 20 per cent cash and 15 per cent stock dividend.
There will be no price limit on the trading of the shares of the bank on today (Tuesday) following its corporate declaration.
Each share of the company, which was listed on the Dhaka bourse in 1995, closed at Tk 149.50 on Monday at the Dhaka Stock Exchange (DSE).
The company’s paid-up capital is Tk 943.67 million and authorised capital is Tk 2.0 billion while the total number of securities is 94.36 million.
The sponsor-directors own 53.51 per cent stake in the company, while the institutional investors own 41.86 per cent and the general public 4.63 per cent as on June 30, 2018, the DSE data shows.