AB Bank and Islami Bank Bangladesh Limited, both listed, have recommended dividends for shareholders for the year ended on December 31, 2020.
According to the Dhaka Stock Exchange (DSE) disclosure on Wednesday, the board of directors of AB Bank has recommended a 5% stock dividend for the year ended on December 31, 2020.
The annual general meeting (AGM) will be held on June 10 at 4pm through a digital platform. The record date has been set on May 19.
Another record date for entitlement of the proposed rights shares will be notified later after obtaining approval from the Bangladesh Securities and Exchange Commission (BSEC), said the bank.
The bank has also reported consolidated earnings per share (EPS) of Tk0.50, consolidated net asset value (NAV) per share of Tk32.26, and consolidated net operating cash flow per share (NOCFPS) of negativeTk4.61 for the year ended on December 31, 2020, against Tk0.15, Tk31.69 and Tk35.99, respectively, for the same period of the previous year.
The bank also informed that its board has decided to issue right shares to the ratio of 1R:6 — one right share for existing six shares — at a face value of Tk10 each.
The bank took the decision to strengthen its equity capital base.
The board of directors of Islami Bank Bangladesh has recommended a 10% cash dividend for its shareholders for the year 2020.
The recommended dividend will be presented for approval at the 38th AGM of the bank scheduled to be held on June 27.
The record date for entitlement of dividends has been fixed on May 20.
The bank has also reported consolidated EPS of Tk2.98 for the year ended on December 31, 2020, as against Tk3.40 for the same period of the previous year.
