IPDC Finance declares 15pc dividend

The board of directors of IPDC Finance Ltd has recommended 10 percent cash and a 5.0 percent stock dividend for the year ended on December 31, 2019.

The annual general meeting (AGM) will be held on March 31 in Dhaka. The record date is March 11.

The company has also reported EPS of Tk 1.82, NAV per share of Tk 15.78 and NOCFPS of Tk 12.33 for the year ended on December 31, 2019, as against Tk. 1.59 (restated), Tk. 10.62 (restated) and negative Tk. 2.37 (restated) respectively for the same period of the previous year.

There will be no price limit on the trading of the shares of the company today following its corporate declaration.

Each share of the insurer, which was listed on the Dhaka bourse in 2006, closed at Tk 25.60 each on Sunday.

The company disbursed 7.0 percent cash and 8.0 percent stock dividend for the year ended on December 31, 2018.

The company’s paid-up capital is Tk 3.53 billion and authorized capital Tk 4.0 billion while the total number of securities is 353.42 million.

The sponsor-directors own 40 percent stake in the company, while the government owns 21.88 percent, institutional investors own 26.61 percent, foreign investors 2.85 percent and the general public 8.66 percent as of December 31, 2019, the DSE data showed.