Home ›› 01 Sep 2020 ›› World Biz
The board of directors of Bangladesh Finance & Investment Company Ltd and Meghna Life Insurance Company Ltd have recommended cash dividends for the year ended on December 31, 2019.
The board of directors of Bangladesh Finance & Investment Company has recommended 12% cash dividend. The final approval will come at the annual general meeting (AGM) scheduled to be held at 11:00am on December 10 through a digital platform. The record date is October 8.
The company has also reported consolidated earnings per share (EPS) of 1.12 taka, consolidated net asset value (NAV) per share of 16.37 taka and consolidated net operating cash flow per share (NOCFPS) of 0.97 taka for the year ended on December 31, 2019 as against 1.68 taka (restated), 15.25 taka and 1.64 taka, respectively for the same period of the previous year.
On the other hand, the board of directors of Meghna Life Insurance has recommended 20% cash dividend for the year ended on December 31, 2019. The final approval will come at the annual general meeting (AGM) scheduled to be held at 11:00am on October 22 through a digital platform. The record date is September 21.
There will be no price limit on the trading of the shares of Meghna Life Insurance on September 1 following its corporate declaration. However, the floor price shall be applicable accordingly, as per the BSEC order issued on March 19, 2020.
