Dhaka Bank declares 12% cash dividend

Dhaka Bank Limited has recommended a 12 percent cash 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 23, 2022, on digital platform, said the company in a filing with the Dhaka Stock Exchange on Wednesday.

The company has reported EPS of Tk 2.25 and consolidated NAV per share of Tk 22.08 during the period.

The record date for the distribution of the declared dividend among the shareholders has been fixed as May 24, 2022.

There will be no price limit on the trading of the shares of the Company today (April 27) following its corporate declaration.

The board of directors has also decided to increase the authorized capital of the company from Tk 1000 crore to Tk 2000 crore and amend the pertinent clauses of the memorandum & article of association of the company subject to approval of regulatory authorities and the shareholders of the company.