Photo : Collected
Over the past week, four listed companies have declared dividends for shareholders. The companies are insurance companies Paramount Insurance Company Limited and Agrani Insurance Limited, banking company BRAC Bank Plc and pharmaceutical company IPDC Limited.
Out of the four companies, three companies in the banking and insurance sectors are announcing dividends after reviewing their financial reports for the year ended 31 December 2023.
Among the four companies, two are in the insurance sector. One of them is Paramount Insurance Company Limited. The board of the company decided to pay 10 percent cash dividend to the shareholders in its meeting held on April 3. Last year the company's earnings per share (EPS) was Rs 1 73 paise.
The annual general meeting (AGM) of the company has been fixed on June 26 for unanimous approval of the declared dividend by the shareholders. Fixing the record date for the same.
The board of another company Agrani Insurance Limited has declared 12 percent cash dividend for common shareholders. Last year the earnings per share (EPS) of the company was 2 taka 10 paisa.
The company will hold an AGM on June 27 to unanimously approve the declared dividend. The record date for this has been fixed on April 24.
The board of directors of banking sector firm BRAC Bank plc has declared dividend for the shareholders. The bank will pay 20 percent dividend to shareholders for the year. Out of this 10 percent cash dividend and 10 percent bonus.
This decision was taken after reviewing the financial report of the financial year ended 31 December 2023 in the board meeting of the bank on April 2.
Earnings per share (EPS) last year was Rs 4 73 paise. Earnings per share (EPS) in the same period last fiscal was Rs 3.75 paise. As on December 31, 2023, the bank's net asset value per share (NAVPS) was Tk 41 36 paise.
The AGM of the company will be held on May 30 to pay the dividend. The record date for this has been fixed on May 7.
Also on April 3, the board of IPDC Limited declared a 10 percent dividend to shareholders. 5 percent cash and 5 percent bonus shares will be given. The company's earnings per share (EPS) for the last year stood at 92 paise.
The company's net asset value per share (NAVPS) as on June 30, 2023 was Tk 18 19 paise.
The company will hold an AGM on June 27 to unanimously approve the declared dividend. AGM of the company will be held on May 16. The record date for this has been fixed on April 24.
Messenger/Fameema
