The board of directors of Prime Bank Limited has recommended 12.50 per cent cash dividend for the year ended on December 31, 2018.
The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on May 16 at 11:00am at Krishibid Institution KIB Complex, Krishi Khamar Sarak, Farmgate in Dhaka, said an official disclosure on Thursday.
The record date for entitlement of the dividend is April 28.
The bank has also reported consolidated earnings per share (EPS) of Tk 1.99, consolidated net asset value (NAV) per share of Tk23.23 and consolidated net operating cash flow per share (NOCFPS) of Tk negative Tk 2.91 for the year ended on December 31, 2018 as against Tk 1.07 (weighted), Tk 21.91 and Tk 6.61 respectively for the same period of the previous year.
In 2017, the bank disbursed 7.0 per cent cash and 10 per cent stock dividend.
There will be no price limit on the trading of the shares of the company on today (Thursday) following its corporate declaration.
Each share of the bank, which was listed on the Dhaka bourse in 2000, closed at Tk 17.10 on Wednesday at the Dhaka Stock Exchange (DSE).
In the last one year, its share traded between Tk 14.50 and Tk 22.50 per cent each.
The bank’s paid-up capital is Tk 11.32 billion and authorised capital is Tk 25 billion while the total number of securities is 1.13 billion.
The sponsor-directors own 36.67 per cent stake in the bank, while the institutional investors own 26.44 per cent, foreign investors 3.21 per cent and the general public 33.68 per cent as on February 28, 2019, the DSE data shows.