The state-run Rupali Bank’s board of directors have recommended a 10 per cent stock dividend for the year concluded on December 31, 2020.
A consolidated EPS of Tk 0.49, consolidated NAV per share of Tk 44.10 and consolidated NOCFPS of Tk 206.53 was reported by the bank for the year concluded on December 31, 2020 as against Tk 1.38, Tk 41.14 and minus Tk 75.31 respectively for the same period of 2019.
It was informed by the bank that bonus shares have been recommended to bolster the capital base of the bank to support business growth and maintain capital to risk weighted assets ratio (CRAR) in line with the central 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 June 21 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 DSE data has illustrated that 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.
There will be no price limit on the trading of the shares of the bank today following its corporate declaration.