Insurance, banks declare dividends

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UNB, Dhaka :
Rupali Insurance, Social Islami Bank Limited, Beach Hatchery, and Mercantile Bank have recommended cash and stock dividends for the year ended on December 31, 2013.
The Board of Directors of Rupali Insurance has recommended 10 percent cash dividend and 10 percent stock dividend for the year ended on December 31, 2013, according to DSE website.
The Annual General Meeting of the company will be held on April 28, 2014, at 11:00 AM at the Officers’ Club in city’s Bailey Road. The Record Date is 10.04.2014. The Company has also reported EPS of Tk 1.98, NAV per share of Tk 24.63 and NOCFPS of Tk 1.26 for the year ended on December 31, 2013.
In another declaration, the Board of Directors of Social Islami Bank Ltd has recommended 12 percent cash dividend for the year ended on December 31, 2013.
The Annual General Meeting of the company will be held on May 31, 2014, while the time and venue will be notified later on.
The Record Date is 24.04.2014. The Company has also reported consolidated EPS of Tk 1.78, consolidated NAV per share of Tk 15.78 and consolidated NOCFPS of Tk 2.56 for the year ended on December 31, 2013.
The Board of Directors of Beach Hatchery has recommended 15 percent stock dividend for the year ended on December 31, 2013.
The Board has also recommended the following subject to approval of shareholders in the EGM & by the regulatory authorities: (1) to increase the Authorized Capital of the Company from Tk 100 crore to Tk 200 crore; (2) to raise paid up capital by issuing rights shares @ 2R:1 (2 rights shares for every 1 one share) at Tk 10.00 each for acquisition of two deep sea going steel bodied trawlers with modern equipment and facilities for optimization of fish catching and also to be involved in the export of shrimps and fish.
The EGM and AGM of the company will be held on May 14, 2014 at 11:00 am and at 12 noon respectively at the project premises at Moheshkhalipara, Teknaf, Cox’s Bazar.
Meanwhile, the Board of Directors of Mercantile Bank Ltd has recommended 8 percent cash dividend and 12 percent stock dividend for the year ended on December 31, 2013.
The Annual General Meeting of the company will be held on June 12, 2014, at 11:00 am while the meeting venue will be notified later on.
The Record date is 09.04.2014. The Company has also reported consolidated EPS of Tk 3.00, consolidated NAV per share of Tk 19.14 and consolidated NOCFPS of Tk 0.58 for the year ended on December 31, 2013.
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