Dhaka Bank seeks BSEC nod for 5% stock dividend
For 2024, the bank declared a total dividend of 10%, with 5% cash and 5% bonus shares
Dhaka Bank PLC, a publicly listed company, has applied to the Bangladesh Securities and Exchange Commission (BSEC) for approval of its proposed stock dividend for the calendar year ending 31 December 2024.
According to the Dhaka Stock Exchange (DSE), the bank submitted a formal request to the BSEC on 16 June, seeking consent for a 5% bonus share distribution.
Following regulatory approval, the bonus shares will be disbursed among the bank's shareholders.
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Following the announcement, Dhaka Bank shares rose 0.94% to Tk10.70 on the Dhaka bourse.
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, 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.
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. 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.
