Uttara Bank recommends highest dividends in six years | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Saturday
June 14, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
SATURDAY, JUNE 14, 2025
Uttara Bank recommends highest dividends in six years

Banking

TBS Report
31 March, 2020, 09:00 am
Last modified: 31 March, 2020, 09:12 am

Related News

  • Mercantile Bank withholds dividend amid Tk1,700cr provision shortfall
  • Southeast Bank’s profit drops 80% in 2024
  • Premier Bank declares no dividend due to shortfall in provisions
  • Al-Arafah Islami Bank will not pay dividend for 2024
  • Dhaka Bank declares 10% dividend for 2024

Uttara Bank recommends highest dividends in six years

Bankers claim choosing the right clients helped Uttara Bank perform better during the sector’s crisis

TBS Report
31 March, 2020, 09:00 am
Last modified: 31 March, 2020, 09:12 am
Photo: Collected
Photo: Collected

Uttara Bank Limited has recommended 25 percent stock and 10 percent cash dividends to its shareholders for the 2019 financial year, which is the highest payout of the bank in the last six years.

The bank's board of directors meeting was held online, on Sunday, amid the novel coronavirus pandemic. The meeting recommended the dividend payout.       

Uttara Bank posted a net profit of Tk187.46 crore last fiscal year. Net profit of the bank rose 42 percent in the last six years, while its dividend payouts in the last couple of years averaged around 20 percent.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

"The whole banking sector has been struggling in the last few years owing to a huge number of defaulted loans and high interest rates. Our bank performed better amid the squeeze," Iftekhar Zaman, company secretary of Uttara Bank, told The Business Standard.

Iftekhar says Uttara Bank did well because it focused on client selection. He added that they always try to give their shareholders the best.

The annual general meeting of Uttara Bank is slated for 28 May where the bank's recommended dividends and financial report will be approved. The record date is April 27.

The earnings per share of the bank stood at Tk4.59 while the net asset value per share amounted to Tk38.36 by the end of the 2019 financial year.         

However, the bank's net operating cash flow per share is Tk20.50 negative, which means Uttara Bank is suffering from a liquidity crisis.   

"There was a liquidity crisis in the banking sector last year. Additionally, there was huge competition regarding deposits, too. Some big clients moved out their deposits owing to the two factors," said a high official of Uttara Bank preferring to remain anonymous.

"However, our loan recovery looks good so far," added the official.

In the meantime, Uttara Bank has decided to raise its authorized capital to Tk1,000 crore from Tk600 crore. An extra general meeting of the shareholders on May 8 will bring required changes to the Memorandum of Articles, allowing the bank to raise its volume of authorized capital.           

The paid-up capital of the bank is currently Tk408 crore.

The bank's board had 20.88 percent shares collectively till 2018. Later, the board bought shares from the secondary market of the Dhaka Stock Exchange to fulfill the 30 percent share quota.

Sponsors and directors together had as much as 30.54 percent shares of Uttara Bank till last February. The institutional investors, foreign investors and general investors owned 19.62 percent, 2.81 percent and 47.03 percent shares respectively till February 2020.

The closing price of Uttara Bank shares was Tk26.20 on the Dhaka Stock Exchange, while the bank's shares hit their highest – Tk30.80 – last year. 

Economy / Top News

Uttara Bank / dividend / cash dividend / stock dividend

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Missiles launched from Iran are seen from Jerusalem, June 13, 2025. REUTERS/Ronen Zvulun
    Iran fires missiles at Israel in response to attacks; Trump says it's not too late for nuclear deal
  • Logo of National Citizen Party (NCP)
    People won't accept election date before July Charter is implemented: NCP on Yunus-Tarique meeting
  • Yunus-Tarique meeting: Jamaat says outcome positive for democracy, IAB says dispelled uncertainty from politics
    Yunus-Tarique meeting: Jamaat says outcome positive for democracy, IAB says dispelled uncertainty from politics

MOST VIEWED

  • Wreckage of a Boeing 787 Dreamliner showing part of its registration "VT-ANB" in Ahmedabad, India, June 12, 2025. REUTERS/Amit Dave
    Air India Dreamliner crashes into Ahmedabad college hostel, kills over 290
  • File Photo of Chief Adviser Muhammad Yunus: UNB
    Prof Yunus to receive Harmony Award from King Charles today
  • Energy adviser Fouzul Kabir Khan with other government officials during a visit to Sylhet gas field on 13 June 2025. Photo: TBS
    I would disconnect gas supply to every home in Dhaka if I could: Energy adviser
  • Bangladesh Bank Governor Ahsan H Mansur. TBS Sketch
    Bangladesh mulls settlements with tycoons over offshore wealth: BB governor tells FT
  • UCB declares no dividend for 2024 to comply with regulatory requirement
    UCB declares no dividend for 2024 to comply with regulatory requirement
  • UK Prime Minister Keir Starmer, Chief Adviser Muhammad Yunus
    Disclosure of unconfirmed Yunus-Starmer meeting shows ‘diplomatic imprudence’: Analysts

Related News

  • Mercantile Bank withholds dividend amid Tk1,700cr provision shortfall
  • Southeast Bank’s profit drops 80% in 2024
  • Premier Bank declares no dividend due to shortfall in provisions
  • Al-Arafah Islami Bank will not pay dividend for 2024
  • Dhaka Bank declares 10% dividend for 2024

Features

Photos: Collected

Kurtis that make a great office wear

8h | Mode
Among pet birds in the country, lovebirds are the most common, and they are also the most numerous in the haat. Photo: Junayet Rashel

Where feathers meet fortune: How a small pigeon stall became Dhaka’s premiere bird market

2d | Panorama
Illustration: Duniya Jahan/ TBS

Forget Katy Perry, here’s Bangladesh’s Ruthba Yasmin shooting for the moon

3d | Features
File photo of Eid holidaymakers returning to the capital from their country homes/Rajib Dhar

Dhaka: The city we never want to return to, but always do

4d | Features

More Videos from TBS

No Cash in ATMs: System Glitch or Something Deeper?

No Cash in ATMs: System Glitch or Something Deeper?

2h | TBS Today
Iran-Israel military power; who is ahead?

Iran-Israel military power; who is ahead?

4h | TBS World
Did the possibility of an Iran nuclear deal set back after the attack?

Did the possibility of an Iran nuclear deal set back after the attack?

6h | TBS World
IRGC chief Major General Hossein Salami killed in Israeli strike

IRGC chief Major General Hossein Salami killed in Israeli strike

7h | TBS World
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net