Dhaka, Bangladesh (BBN) – The board of directors of Sunlife Insurance Company has recommended only 2.0 percent stock dividend for the year ended on 31 December in 2017.
The final approval will come during the annual general meeting (AGM) scheduled to be held on 19 September 2018 at 10:30 Trust Milonayaton in Dhaka, said an official disclosure of the company Wednesday.
The record date for entitlement of the dividend is on August 28.
The company has also reported that decrease in consolidated life revenue account for Jan-June 2018 was BDT 45.35 million with consolidated total life insurance fund of BDT 2,990.61 million as against increase in BDT 40.18 million and BDT 3,222.45 million respectively for the same period of the previous year.
In 2016, the company also disbursed 6.0 percent stock dividend.
There will be no price limit on the trading of the shares of the bank on today following its corporate declaration.
Each share of the company, which was listed on the Dhaka bourse in 2013, closed at BDT 23.20 on Tuesday at the Dhaka Stock Exchange (DSE).
The company’s paid-up capital is BDT 351 million and authorised capital is BDT 500 million while the total number of securities is 35.05 million.
The sponsor-directors own 41.99 percent stake in the company, while the institutional investors own 26.44 percent and the general public 31.57 percent as on June 30, 2018, the DSE data shows.
BBN/SS/AD