UCB declares only 10% stock dividend

United Commercial Bank Limited (UCB) has recommended only a 10-percent stock dividend for its shareholders for the year ended on December 31, 2021.

The dividend payout was recommended at the company’s board of directors meeting.

However, final approval regarding the dividends will come during the Annual General Meeting (AGM) scheduled for June 9, 2022 on digital platform, said the company in a press release.

The company has reported EPS of Tk 2.49 and consolidated NAV per share of Tk 29.29 during the period.

The record date for the distribution of the declared dividend among the shareholders has been fixed as April 25, 2022.

There will be no price limit on the trading of the shares of the Company on Sunday (April 3) following its corporate declaration.