Nitol Insurance recommends 10% cash dividend for 2025
EPS declines slightly; share price rises 3.66%
Nitol Insurance PLC, a listed insurer on the stock exchange, has recommended a 10% cash dividend for its shareholders for 2025.
In 2024, the company paid a 10% dividend, comprising 5% stock and 5% cash, according to company data.
Following the declaration, its share price today (1 April) surged by 3.66%, or Tk1, to Tk28.30 at the Dhaka Stock Exchange (DSE).
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According to a disclosure published yesterday (31 March) on the stock exchange website, its earnings per share (EPS) declined to Tk1.93 for 2025, from Tk1.97 in the previous year.
Its net asset value per share stood at Tk31.30 and net operating cash flow per share at Tk0.28, compared to Tk31.33 and Tk0.22, respectively, in 2024.
The insurer has called its annual general meeting (AGM) on 12 July through a digital platform. The record date has been fixed for 10 May to determine eligible shareholders, the disclosure said.
Nitol Insurance was listed on the stock exchanges in 2005.
As of February, sponsor-directors held 35% of its shares, institutional investors 25.93%, and the general public 39.07%, according to available data.
