Business Desk :
The boards of directors of two insurers – United Insurance and Bangladesh General Insurance Company have recommended 11 per cent cash dividend each for the year ended on December 31, 2019.
United Insurance: The board of directors of United Insurance has recommended 11 per cent cash dividend for the year ended on December 31, 2019.
The AGM will be held on April 30 and the record date is April 13.
The insurer has also reported earnings per share (EPS) of Tk 1.95, net asset value (NAV) per share of Tk 31.87 and net operating cash flow per share (NOCFPS) of Tk 2.32 for the year ended on December 31, 2019 as against Tk 2.06 (restated), Tk 31.10 (restated) and Tk 0.40 (restated) respectively for the same period of the previous year.
The increase of NAV in 2019 is due to increase of shareholders equity.
BGIC: The board of directors of Bangladesh General Insurance Company has recommended 11 per cent cash dividend for the year ended on December 31, 2019.
The AGM will be held on April 28 and the record date is April 13.
The company has also reported EPS of Tk. 1.08, NAV per share of Tk. 18.65 and NOCFPS of Tk. 0.94 for the year ended on December 31, 2019 as against Tk. 1.04, Tk. 19.63 and Tk. 1.31 respectively for the same period of the previous year.
