Two more life insurers recommend dividend

The board of directors of two life insurance companies – Sandhani Life Insurance and National Life Insurance – have recommended dividend for the year ended on December 31, 2018, according to official disclosure on Tuesday.

Sandhani Life: The board of directors of the company has recommended 15 per cent cash dividend for the year ended on December 31, 2018.

The final approval of dividend will come at the annual general meeting (AGM) scheduled to be held on September 29 at 11:30am in Dhaka.

The record date is on September 03.

The company has also reported consolidated EPS of Tk 1.49, consolidated NAV per share of Tk 18.40 and consolidated NOCFPS of negative Tk. 2.94 for the year ended on December 31, 2018 as against Tk. 1.97, Tk. 20.02 and negative Tk 0.24 respectively for the same period of the previous year.

The company’s share close at Tk 25.90 each on Monday at the Dhaka Stock Exchange.

The company, which was listed on the DSE in 1996, disbursed 20 per cent stock dividend in 2017.

The company’s paid-up capital is Tk 1.09 billion, authorised capital is Tk 2.0 billion and the total number of securities is 109.69 million.

The sponsor-directors own 30.41 per cent stake in the company, while institutional investors own 20.89 per cent and the general public 48.70 per cent as of June 30, 2019.

National Life Insurance: The board of directors of National Life Insurance Company has recommended 30 per cent cash dividend for the year ended on December 31, 2018.

The final approval of dividend will come at the annual general meeting (AGM) scheduled to be held on September 25 at 11:00am in Dhaka.

The record date is on August 22.

The company’s share close at Tk 259.4 each on Monday at the Dhaka Stock Exchange.

The company, which was listed on the DSE in 1995, disbursed 20 per cent cash and 15 per cent stock dividend in 2017.

The company’s paid-up capital is Tk 1.08 billion, authorised capital is Tk 2.0 billion and the total number of securities is 108.52 million.

The sponsor-directors own 82.65 per cent stake in the company, while institutional investors own 10.92 per cent and the general public 6.43 per cent as of June 30, 2019.

There will be no price limit on the trading of the shares of these two companies today (Tuesday) following their corporate declarations.