The Dhaka Stock Exchange (DSE) on Tuesday witnessed a dividend spree as a number of six companies recommended cash and stock dividends for the year that ended on December 31, 2013.
The Board of Directors of Republic Insurance Company recommended 12.50 percent stock dividend for the year, according to the DSE website.The Board also decided to issue Rights shares @ 1R:1 (i.e. 1 Rights share for every 1 share) at an issue price of Tk 15.00 each, including a premium of Tk 5.00 each, subject to the approval by the shareholders and regulatory authorities. The annual general meeting of the company will be held on April.
The company also reported net profit of Tk 61.22 million, EPS of Tk 2.76, NAV per share of Tk 13.98 and NOCFPS of Tk 5.56 for the year. Another record date for entitlement of the proposed rights shares to be notified later after obtaining approval from BSEC.
The Board of Directors of First Lease Finance and Investment Ltd recommended 10 percent stock dividend for the year. It has also taken a special decision to change the name of the Company, subject to approval of the Shareholders, Bangladesh Bank and the Registrar of Joint Stock Companies (RJSC), from “First Lease Finance & Investment Limited” to “First Finance Limited”. The AGM will be held on May 8.
The Board of Directors of Summit Alliance Port Ltd has recommended 15 percent cash dividend for the year. The AGM will be held on May 11.
The Board of Directors of IPDC has recommended 5 percent cash dividend and 10 percent stock dividend for the year ended on December 31, 2013.
The AGM will be held on May 15.
The Board of Directors of Dhaka Bank has recommended 17 percent cash dividend and 5 percent stock dividend, while the Board of Directors of Berger PBL recommended 220 percent cash dividend. – UNB
