Dhaka Bank to announce new record date for stock dividend

Dhaka Bank PLC will set a new record date for its stock dividend, as it has yet to receive consent from the Bangladesh Securities and Exchange Commission (BSEC) for issuing the stock dividend.

In a disclosure submitted to the Dhaka Stock Exchange (DSE), the bank stated that the previously announced record date of 25 June will remain valid for the entitlement to its 5% cash dividend. A new record date for the 5% stock dividend will be announced once the required approval is received from the BSEC.

According to the DSE, the bank submitted a formal request to the BSEC on 16 June, seeking consent for a 5% bonus share distribution.

For the year ended 31 December 2024, Dhaka Bank declared a total dividend of 10%, consisting of 5% in cash and 5% in bonus shares.

The issuance of bonus shares is intended to strengthen the bank's capital base under Basel III guidelines, thereby supporting long-term business expansion.

Meanwhile, the bank has reported a robust earnings performance in the first quarter of 2025, buoyed by higher operating income across its core banking activities.

According to the bank's unaudited financial statement released on 27 May, its net profit rose to Tk84.63 crore in the January-March period, marking an 11% increase from Tk76.5 crore in the same quarter last year.

Its Earnings Per Share (EPS) climbed to Tk0.84, up from Tk0.76 year-on-year, reflecting improved operational efficiency.

While the quarterly results show positive momentum, the audited financials for 2024 recorded a 23% decline in net profit, totalling Tk128.13 crore, compared to Tk166.52 crore in 2023. Its annual EPS dropped to Tk1.27 from Tk1.66 in the previous year.

Dhaka Bank was listed on the bourse in 2000. Out of its total shares, sponsors and directors hold 44%, while institutional investors have 12.45%, and the general investors hold the rest of 43.55% shares in the bank.

Its share price remained unchanged at Tk10.60 today.