Prime Bank declares 17.5% cash dividend

Prime Bank Limited has recommended a 17.50-percent cash dividend for its shareholders for the year ended on December 31, 2021.

The dividend payout was recommended at a meeting of the company’s board of directors, said the company in a filing with Dhaka Stock Exchange on Monday.

However, final approval regarding the dividends will come during the annual general meeting (AGM) scheduled for May 12.

The company reported EPS of Tk 2.87 and consolidated NAV per share of Tk 26.26 during the period.

The record date for the distribution of the declared dividend among the shareholders has been fixed for April 19, 2022.

There will be no price limit on the trading of the shares of the company on Monday (March 28) following its corporate declaration.