Dhaka, Bangladesh (BBN) – The board of directors Takaful Insurance has recommended 5.0 percent cash and 6.0 percent stock dividend for the year ended on December 31, 2017, said an official disclosure on Wednesday.

The final approval of the dividend will come during the annual general meeting scheduled to be held on May 13 at 10:00am at Institution of Diploma Engineers Bangladesh in Dhaka.

The record date for entitlement of dividend is April 23.

The company has also reported earnings per share of BDT 1.90, net asset value per share of BDT 17.49 and net operating cash flow per share of BDT 0.59 for the year ended on December 31, 2017 as against BDT 1.30, BDT 15.99 and BDT 1.89 respectively for the same period of the previous year.

In 2016, the company disbursed 5.0 percent cash and 5.0 percent stock dividends.

There will be no price limit on the trading of the shares of the bank today following its corporate declaration.

Each share of the company, which was listed on the Dhaka bourse in 2008, closed at BDT 24.20 on Tuesday at the Dhaka Stock Exchange.

The company’s paid-up capital is BDT 379.02 million and authorised capital is BDT 1.0 billion while the total number of securities is 37.90 million.

The sponsor-directors own 42.72 percent stake in the company, while the institutional investors 27.18 percent, foreign 0.21 percent and the general public 29.89 percent as on December 31, 2016, the DSE data shows.

BBN/SSR/AD