Paramount Insurance declares 10% cash dividend  

Despite double-digit growth in its annual profit, Paramount Insurance has declared a 10% cash dividend for shareholders in 2024, unchanged from the previous year.  

Following financial disclosures today (20 March), its share price declined by 5.34%, or Tk2.2 per share, closing at Tk39 at the Dhaka Stock Exchange.  

Although its shares gradually climbed to Tk41.7 on 16 March from Tk34.8 on 9 March, they closed at Tk42 on 18 March. Thereafter, the share price declined for two consecutive trading sessions, including today.  

According to the disclosure, its earnings per share (EPS) increased by 28.90% year-on-year to Tk2.23 at the end of 2024.  

Its net asset value per share slightly increased to Tk27.26, while net operating cash flow per share rose to Tk2.91 for the year ended 31 December 2024, up from Tk26.56 and Tk1.54, respectively, in the previous fiscal year.  

To confirm its financials and recommended dividend, the company has scheduled its annual general meeting for 27 May, to be held in a hybrid format, combining physical and online participation.  

To identify its shareholders, the record date has been fixed for 22 April.  

The insurer was listed on the bourse in 2007, and its shares have been trading under the A category.  

As of February 2025, sponsor-directors held 48.48% of its total shares, institutional investors 20.55%, foreign shareholders 0.04%, and the general public 30.93%.