Purabi General Insurance Company’s board of directors has recommended a 5 per cent cash and 5 per cent stock dividend for the year which concluded on December 31, 2020.
The dividend’s final approval will come during the annual general meeting (AGM) scheduled to be held on September 30 at 3 pm using the digital platform. July 27 is set to be the record date.
Earnings per share (EPS) of Tk 1.16, net asset value (NAV) per share of Tk 13.09, and net operating cash flow per share (NOCFPS) of Tk 1.54 has been reported by the non-life insurer for the year which concluded on December 31, 2020, as against Tk 1.01, Tk 12.90 and Tk 0.43 respectively for the same period of the previous year.
In 2019, the company disbursed a 10 per cent cash dividend.
The first quarter (Q1) financial statements were published by the general insurer on July 1. The Q1 earnings per share of the company increased 92 per cent to Tk 0.48 for January-March 2021 compared to the same period of 2020.
Each share of the company, which was listed on the DSE in 1995, closed at Tk 49.20 on June 30 at the DSE. Its shares traded between Tk 12 and Tk 54.70 in the last year.
The company’s paid-up capital is Tk 553.05 million, authorised capital is Tk 1.0 billion and the total number of securities is 55.30 million.
The DSE data has illustrated that the sponsor-directors own a 31.75 per cent stake in the company while the institutional investors own 22.57 per cent and the general public 45.68 per cent as of May 31, 2021.
There will be no price limit on the trading of the shares of the company on July 5 (Monday) following its corporate declaration.