Two banks’ bonus dividends approved

Two listed private commercial banks – Standard Bank, and National Credit and Commerce Bank – received consent from the capital market regulator Bangladesh Securities and Exchange Commission (BSEC) to issue stock dividends.

As per a disclosure filed with the Dhaka Stock Exchange on Wednesday, Standard Bank Limited received the regulatory approval to issue a 2.50 per cent stock dividend for the year ending December 31, 2022.

Earlier, the lender had announced the mentioned bonus dividend for the year ending in December 2022 on May 2.

Meanwhile, National Credit and Commerce Bank also obtained consent from the securities regulator to issue a 5 per cent stock dividend for the year ending December 31, 2022.

Over the years, Standard Bank Limited has consistently been giving bonus dividend with varying percentages. The dividend percentages ranged from 3 per cent in 2021 to 15 per cent in 2003.

Listed in 2003, Standard Bank shares closed at Tk 8.80 per share on the Dhaka Stock Exchange’s (DSE) trading floor on Wednesday.

National Credit and Commerce Bank has also been issuing bonus dividends over the past two decades.

Listed in 2000, on Wednesday, the bank’s shares closed at Tk 13.80 per share on the DSE trading floor.