Four Ins propose dividends

Staff Correspondent

6 July, 2020 12:00 AM printer

The boards of directors of four listed Insurance Company have recommended dividends for their shareholders for the year ended on 31st December, 2019.

They are Eastern Insurance Company Limited, Purabi General Insurance Limited, Eastland Insurance Company Limited and Asia Pacific General Insurance Company Limited.

Of them, Eastern Insurance board recommends cash dividend of 20 percent, Purabi General Insurance 10 per cent and Asia Pacific General Insurance 10 per cent.

Besides, Eastland Insurance board declares cash dividend of 5 per cent and stock dividend of 5 percent.

Eastern Insurance has reported EPS of Tk 3.65, NAV per share of Tk 44.54 and NOCFPS of Tk 3.25 for the year ended on December 31, 2019.

In the previous year, the figures are Tk 3.56, Tk 42.53 and Tk 3.73 respectively.

The company will notify the date and venue of the annual general meeting (AGM) later. The record date has been set on 26th July, 2020.

Purabi General Insurance will organise AGM on 30th September, 2020 on digital platform as per BSEC order. The record date has been set on 17th August, 2020.

The company has reported EPS of Tk 1.01, NAV per share of Tk 12.90 and NOCFPS of Tk 0.43 for the year ended on December 31, 2019 as against Tk 1.05, Tk 13.05 and Tk 0.14 respectively for the same period of the previous year.

Asia Pacific General Insurance will hold AGM on 20th August, 2020 on digital platform. The record date has been set on 27th July, 2020.

The Company has also reported EPS of Tk 1.74, NAV per share of Tk 19.66 and NOCFPS of Tk 2.10 for the year ended on December 31, 2019 as against Tk 1.55, Tk 18.92 and Tk 2.57 respectively for the same period of the previous year.

Eastland Insurance will arrange AGM on 3rd September, 2020 on digital platform as per BSEC order. The record date has been set on 6th August, 2020.

The Company has also reported EPS of Tk 1.45, NAV per share of Tk 21 and NOCFPS of Tk 0.78 for the year ended on December 31, 2019 as against Tk 1.41, Tk 21.00 and Tk 0.89 respectively for the same period of the previous year.

The Company also informed that bonus shares declared to expand Company's business by enhancing Company's capital base and the additional capital will be used for new branches in the district level.

 


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