2 banks approve 15pc dividends

Staff Correspondent

2 July, 2020 12:00 AM printer

The boards of two banks listed on the stock exchanges have recommended 10 percent stock and 5 percent cash dividends for their shareholders for the year ended on December 31, 2019.

Of them, the board of AB Bank has declared 5 percent stock dividend and National Bank has approved 5 percent cash and 5 percent stock dividends.

The board of AB Bank has also approved to changes Article no: 121 of the Articles of Association of the bank subject to approval from Bangladesh Bank and shareholders approval in the AGM.

The bank will organise an annual general meeting (AGM) on 22th September and the venue will be notified later. The record date has been set on 10th August, 2020.