The board of directors of Uttara Bank Ltd has recommended 20 per cent cash and 2.0 per cent stock dividend for the year ended on December 31, 2018.
The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on June 12 June in Dhaka, said an official disclosure on Sunday.
The record date for entitlement of dividend is May 20.
The bank has also reported consolidated EPS of Tk 4.17, consolidated NAV per share of Tk 36.82 and consolidated NOCFPS of Tk 6.01 for the year ended on December 31, 2018 as against Tk 3.83, Tk 34.81 and negative Tk 7.17 respectively for the same period of the previous year.
There will be no price limit on the trading of the shares of the company on Monday following its corporate declaration.
In 2017, the bank also disbursed 20 per cent cash dividend.
Each share of the bank, which was listed on the Dhaka bourse in 1984, closed at Tk 27.90 on Sunday.
In the last one year, its share traded between Tk 22.70 and Tk 34 each.
The bank’s paid-up capital is Tk 4.0 billion and authorised capital is Tk 6.0 billion while the total number of securities is 400.08 million.
The sponsor-directors own 20.88 per cent stake in the bank, while the institutional investors own 19.14 per cent, foreign investors 2.52 per cent and the general public 57.46 per cent as on March 31, 2018, the DSE data shows.