Dhaka, Bangladesh (BBN)– The board of directors of Green Delta Insurance has recommended 20 percent cash dividend for the year ended on December 31, 2017, said an official disclosure on Monday.

The final approval will come during the annual general meeting (AGM) scheduled to be held on March 29 at 11:00am in Dhaka.

The record date for entitlement of dividend is on March 5.

The company has also reported earnings per share (EPS) of BDT 3.01, consolidated net asset value (NAV) per share of BDT 79.47 and net operating cash flow per share (NOCFPS) of BDT minus 0.25 for the year ended on December 31, 2017 as against BDT 3.08, BDT 69.93 and BDT minus 0.16 respectively for the same period of the previous year.

There will be no price limit on the trading of the company’s share trading today following its corporate declaration.
In 2016, the company also disbursed 20 percent cash dividend.

Each share of the company, which was listed on the Dhaka bourse in 1989, closed at BDT 67 on Sunday at Dhaka Stock Exchange (DSE).

The company’s paid-up capital is BDT 806.91 million and authorised capital is BDT 5.0 billion, while the total number of securities is 80.69 million.

The sponsor-directors own 56.52 percent stake in company, while institutional investors own 13.36 percent, foreign 8.25 percent and the general public 21.87 percent as on January 31, 2018, the DSE data shows.

BBN/SSR/SR