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Companies declare dividends

03 March 2014


UNB, Dhaka :
Several companies, including Marico Bangladesh Ltd, Prime Finance, Eastern Bank Limited, United Commercial Bank Ltd, Pubali Bank, Brac Bank and Al Arafah Islami Bank, recommended cash dividends at the opening of the week's trading on Sunday.
The Board of Directors of Marico Bangladesh Ltd has declared 500 percent interim cash dividend for the year ending on 31 March 2014 based on 9 months' financials for the period ended 31 December 2013. The Record date for entitlement of interim dividend is 12.03.2014, according to DSE web post.
The Board of Directors of Prime Finance has recommended 15 percent cash dividend for the year ended on 31 December 2013. The Annual General Meeting of the company will be held on 30 March 2014 at 10:30 am at the Bashundhara Convention Centre, Block-C, Umme Kulsum Road, Bashundhara.
The Board of Directors of Eastern Bank Ltd has recommended 20 percent cash dividend for the year ended on 31 December 2013. The Annual General Meeting of the company will be held on 31 March 2014 at 10:30 am at the Bangabandhu International Conference Centre (BICC), Agargaon, Dhaka.
The Board of Directors of United Commercial Bank Ltd has recommended 20 percent cash dividend for the year ended on 31 December 2013. The Annual General Meeting will be held on 17 April 2014, while the time and venue will be notified later on.
The Board of Directors of Pubali Bank has recommended 10 percent stock dividend for the year ended on 31 December 2013. The Annual General Meeting of the company will be held on 25 March 2014 at 10:30 am at the Bashundhara Convention Center, Baridhara, Dhaka.
The Board of Directors of Brac Bank has recommended 10 percent cash dividend and 10 percent stock dividend for the year ended on 31 December 2013. The Annual General Meeting of the company will be held on 10 April 2014 at 10:00 am at the BRAC-CDM, Savar, Dhaka.
Meanwhile, the Board of Directors of Al Arafah Islami Bank Ltd has recommended 13.50 percent stock dividend for the year ended on 31 December 2013. The Annual General Meeting of the company will be held on 30 March 2014 at 10:00 am at Ichhamati Hall, Hotel Agrabad, Chittagong.

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