• Tuesday, Oct 26, 2021
  • Last Update : 05:12 am

South Bangla Agriculture & Commerce Bank declares 8% dividend

  • Published at 05:26 pm September 8th, 2021
SBAC-Bank
Logo of SBAC Bank Collected

During Wednesday’s trade, the closing price for each of its shares was Tk21.8

Newly debuted South Bangla Agriculture & Commerce Bank Limited has recommended 4% cash and 4% stock dividend for the year ended on December 31, 2020. 

In a filing with Dhaka Stock Exchange on Wednesday, the company reported consolidated earnings per share (EPS) of Tk1.39 and consolidated net asset value (NAV) per share of Tk13.59 for the year ended on December 31, 2020, as against Tk1.41 and Tk12.22 respectively for the same period of the previous year. 

Considering its initial public offering (IPO), its consolidated EPS was Tk1.21 and consolidated NAV per share of Tk13.14.

The bank further informed that bonus share was declared out of profit and retained earnings and not from any reserve. 

It also said that the reason for the declaration of the stock dividend is to meet the Basel-III requirement. 

The annual general meeting (AGM) of the bank, where the dividends will be approved, is scheduled to take place on October 21 via a digital platform. 

South Bangla Agriculture & Commerce Bank made its debut on the Dhaka Stock Exchange on August 11, 2021. During Wednesday’s trade, the closing price for each of its shares was Tk21.8.

50
Facebook 50
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail