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Uttara Bank, United Ins, Industrial Finance approve cash, stock dividends

By UNB, DHAKA
26th-Mar-2014       
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Uttara Bank, United Insurance and Bangladesh Industrial Finance Company Ltd on Monday approved cash and stock dividends for the year ended on December 31, 2013.
The Board of Directors of Uttara Bank has recommended 15 percent cash dividend and 10 percent stock dividend for the year ended on December 31, 2013.
The Annual General Meeting of the company will be held on May 11, 2014, at 11:00 am at Rangamati Waterfront, Sinaboho Bazar, Shafipur, Gazipur.
The Record date is 06.04.2014. The Company has also reported consolidated profit after provision and tax of Tk. 1,319.47 million, consolidated EPS of Tk. 3.63, consolidated NAV per share of Tk. 29.42 and consolidated NOCFPS of Tk. 11.61 for the year ended on December
31, 2013.
The Board of Directors of United Insurance has recommended 10 percent cash dividend for the year ended on December 31, 2013.
The AGM of the company will be held on April 30, 2014 at 10:30 AM at Trust auditorium . The Record date is 06.04.2014. The Company has also reported profit after tax including unrealized share of profit of associate (Tk. 54.99 million) of Tk. 110.89 million, EPS of Tk. 2.77, NAV per share of Tk. 23.82 and NOCFPS of Tk. (0.04) for the year ended on December 31, 2013.
Meanwhile, the Board of Directors of Bangladesh Industrial Finance Company Ltd has recommended 5 percent stock dividend for the year ended on December 31, 2013.
The Board has also decided to issue Rights shares @ 1R:2 (i.e. 1 Rights share for every 2 shares) at an issue price of Tk. 10.00 each at par on paid up capital after considering bonus shares subject to approval by the shareholders and the Regulatory Authorities.

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