Business Desk :
Sonali Life Insurance Company (SLIC) has distributed an additional dividend worth around Tk 2 crore among its new shareholders.
Under insurance company law, companies have to pay dividends among the shareholders calculated on the record date. The board of Sonali Life Insurance has calculated the number of shareholders and distributed dividends among them, said a press release.
At the same time since many new investors have invested in the company soon after it came into the Initial Public Offering (IPO) by buying shares, SLI has distributed dividend worth Tk 1 crore 90 lakh again among its 1, 53,000 shareholders.
The Board of directors of the company had decided to pay the additional amount of dividend to keep the interest of the investors as per the instruction of the regulatory authority, Bangladesh Securities and Exchange Commission (BSEC).
Earlier, the company declared a 10 per cent cash dividend for all investor shareholders for the year ended on December 31st, 2020. Accordingly, it distributed the dividend worth Tk 2 crore and 85 lakh among all its investor shareholders in June 2021 on the record date as per the company’s valuation. Besides, the SLI Board had also recommended a 2.0 per cent interim cash dividend for all shareholders as on the record date set on 4th August based on the commendable performance of the company for the FY 2021.
