BSEC approves 3 banks to issue bonus dividends

The stock market regulator Bangladesh Securities and Exchange Commission (BSEC) gave approval for the stock dividends declared by One Bank, Social Islami Bank, and South East Bank Limited.

The listed lenders confirmed their updates in separate disclosures filed with the Dhaka Stock Exchange (DSE) on Wednesday.

One Bank Limited received the regulator’s consent for their declaration of a 5 per cent stock dividend for the year ending December 31, 2022.

Earlier, in the early of this month, the bank had declared the dividend for its shareholders for the last year.

Meanwhile, the BSEC approved Social Islami Bank’s request to issue a 5 per cent equity dividend for the year ending December 31, 2022.

Following the lender’s earlier declaration of a dividend on April 27, this approval was given by the regulator, the bank said in the DSE filing.

Similarly, South East Bank Limited was granted by the BSEC to issue a 4 per cent equity dividend for the fiscal year ending December 31, 2022.

The approval comes after the company had announced a dividend declaration in on May 2.

The record dates of all three banks for their share entitlements will remain unchanged, as announced previously.