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Rubel Rana

Published:
2018-05-03 08:59:58 BdST

Eight more Insurance companies recommend dividends


FT ONLINE

The boards of directors of eight more insurance companies have recommended dividends ranging from 10 per cent to 18 per cent for the year ended on December 31, 2017, said separate official disclosures on Thursday.

Purabi General Insurance: The board of directors of Purabi General Insurance has recommended 12 per cent stock dividend for the year ended on December 31, 2017.

The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on July 16 in Dhaka.

The record date for entitlement of dividend is June 7.

The company has also reported earnings per share (EPS) of Tk 1.59, net asset value (NAV) per share of Tk 13.45 and net operating cash flow per share (NOCFPS) of Tk 0.14 for the year ended on 31.12.2017 as against Tk 1.09 (restated), Tk 11.85 (restated) and Tk 0.41 (restated) respectively for the same period of the previous year.

In 2016, the company disbursed 10 per cent stock dividend.

Each share of the company, which was listed on the Dhaka bourse in 1995, closed at Tk 14.40 on Monday last at the Dhaka Stock Exchange (DSE).

Northern Insurance: The board of directors of Northern General Insurance Company has recommended 10 per cent cash dividend for the year ended on December 31, 2017.

The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on June 21 in Dhaka.

The record date for entitlement of dividend is May 23.

The Company has also reported EPS of Tk 1.63, NAV per share of Tk 19.96 and NOCFPS of Tk 3.22 for the year ended on December 31, 2017 as against Tk 1.55, Tk 18.33 and Tk 1.17 respectively for the same period of the previous year.

In 2016, the company disbursed 10 per cent stock dividend.

Each share of the company, which was listed on the Dhaka bourse in 2008, closed at Tk 18.50 on Monday last at the Dhaka Stock Exchange (DSE).

Mercantile Insurance: The board of directors of Mercantile Insurance Company has recommended 10 per cent cash dividend for the year ended on December 31, 2017.

The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on June 30 in Dhaka.

The record date for entitlement of dividend is May 23.

The Company has also reported EPS of Tk 1.29, NAV per share of Tk 18.03 and NOCFPS of Tk 1.74 for the year ended on December 31, 2017 as against Tk 1.40, Tk 17.32 and Tk 1.55 respectively for the same period of the previous year.

In 2016, the company disbursed 10 per cent cash dividend.

Each share of the company, which was listed on the Dhaka bourse in 2004, closed at Tk 24.50 on Monday last at the Dhaka Stock Exchange (DSE).

Standard Insurance: The board of directors of Standard Insurance Company has recommended 10 per cent stock dividend for the year ended on December 31, 2017.

The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on June 26 in Dhaka.

The record date for entitlement of dividend is May 23.

The Company has also reported EPS of Tk 1.62, NAV per share of Tk 17.30 and NOCFPS of Tk 2.46 for the year ended on December 31, 2017 as against Tk 0.98, Tk 17.26 and Tk (0.40) respectively for the same period of the previous year.

In 2016, the company also disbursed 10 per cent stock dividend.

Each share of the company, which was listed on the Dhaka bourse in 2008, closed at Tk 27.60 on Monday last at the Dhaka Stock Exchange (DSE).

Dhaka Insurance: The board of directors of Dhaka Insurance Company has recommended 12.50 per cent cash dividend for the year ended on December 31, 2017.

The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on June 25 in Dhaka.

The record date for entitlement of dividend is May 25.

The company has also reported EPS of Tk 1.88, NAV per share (with revaluation) of Tk 23.56, NAV per share (without revaluation) of Tk 18.75 and NOCFPS of Tk 1.98 for the year ended on December 31, 2017. However, EPS was Tk 1.60, NAV per share (without revaluation) was Tk 17.85 and NOCFPS was Tk 1.30 respectively for the same period of the previous year.

In 2016, the company disbursed 12 per cent cash dividend.

Each share of the company, which was listed on the Dhaka bourse in 2010, closed at Tk 20.70 on Monday last at the Dhaka Stock Exchange (DSE).

Sonar Bangla Insurance: The board of directors of Sonar Bangla Insurance has recommended 10 per cent stock dividend for the year ended on December 31, 2017.

The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on July 26 in Dhaka.

The record date for entitlement of dividend is May 24.

The Company has also reported EPS of Tk 1.43, NAV per share of Tk 17.02 and NOCFPS of Tk 0.48 for the year ended on December 31, 2017 as against Tk 1.42, Tk 15.15 and Tk 1.28 respectively for the same period of the previous year.

In 2016, the company disbursed 10 per cent stock dividend.

Each share of the company, which was listed on the Dhaka bourse in 2006, closed at Tk 15.40 on Monday last at the Dhaka Stock Exchange (DSE).

Pragati Insurance: The board of directors has recommended 13 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2017.

The AGM will be held on July 29 and the record date is on June 6.

The Company has also reported EPS of Tk 2.66, NAV per share of Tk 54.54 and NOCFPS of Tk 0.54 for the year ended on December 31, 2017 as against Tk 2.38, Tk 55.09 and Tk 0.08 respectively for the same period of the previous year.

Provati Insurance: The board of directors has recommended 10 per cent cash dividend for the year ended on December 31, 2017.

The AGM will be held on July 23 and the record date is on May 30.

The Company has also reported EPS of Tk 1.73, NAV per share of Tk 16.84 and NOCFPS of Tk 1.41 for the year ended on December 31, 2017 as against Tk 1.81, Tk 16.59 and Tk 0.66 respectively for the same period of the previous year.

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