The boards of directors of four listed commercial banks and insurance have recommended dividend for the year ended on December 31, 2011. The board of directors of the Eastern Bank has recommended 35 percent stock dividend for the year 2011.

The Bank will hold an annual general meeting (AGM) on March 29 at Gulshan Avenue in Dhaka to approve the announcement while the record date for the AGM has been set on March 1 this year. The Company has reported Consolidated Earning Per Share (EPS) of Tk 5.59, consolidated Net Asset Value (NAV) per share of Tk 32.23 and consolidated NOCFPS of Tk 15.29 for 2011.

It has also reported EPS of Tk 5.57, NAV per share of Tk 31.82 and NOCFPS of Tk. 15.33 for 2011.

According to DSE, the board of directors of Prime Bank has recommended 10 percent cash and 20 percent stock dividend for 2011. The board has also decided to increase authorized capital of the company from Tk 10 billion to Tk 25 billion subject to approval of shareholders in the EGM and prior permission of the regulators. The company will hold its EGM and AGM on March 29 at Winter Garden of Ruposhi Bangla Hotel.

The Daily Sun/Bangladesh/ 17th Feb 2012