Dhaka Bank to pay 10% dividends
The final approval of the dividends will come during an annual general meeting on August 6
Dhaka Bank Ltd will pay 5 percent cash and 5 percent stock dividends to its shareholders for the 2019 financial year.
The bank made the decision at a meeting on Tuesday evening.
However, the final approval of the dividends will come during an annual general meeting on August 6. The record date is July 14, 2020.
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According to the Dhaka Stock Exchange (DSE), the bank has reported consolidated earnings per share (EPS) of Tk1.90 in the 2019 financial year, which is 15 percent higher than that in the previous year.
The consolidated net asset value (NAV) per share was Tk20.97 for the year that ended on December 31, 2019.
The bank paid 5 percent cash and 5 percent stock dividends to its shareholders in the 2018 financial year as well.
Meanwhile, in the first quarter of this year, Dhaka Bank Ltd posted consolidated EPS of Tk0.68, which is 35 percent higher than the previous year at the same period. The NAV per share was Tk24.38 for the period that ended on 31 March, 2020.
The bank's paid-up capital is currently Tk853.21 crore.
As of February this year, sponsors and directors jointly owned 40.62 percent, institutional investors 13.05 percent and general investors 46.33 percent shares of the bank.
The closing price of the bank's each share was Tk9.90 on Wednesday at the Dhaka Stock Exchange, while its shares hit their highest price of Tk14 each within one year.
