Update March 18, 2015

Dhaka 1-55 pm, 28-November, 2020

Brac Bank, Berger Paints recommend dividend

Sumel Sarker

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Brac Bank, Berger Paints recommend dividend

18 March 2015, Nirapad News: The board of directors of two more listed companies Brac Bank Ltd and Berger Paints Bangladesh Ltd have recommended dividend for the year ended on December 31, 2014.

Brac Bank: The board of directors of Brac Bank has recommended 20 per cent cash dividend for the year ended on December 31, 2014.

The approval came at a board meeting of the Bank held recently at Gulshan in the city. The annual general meeting (AGM) will be held on 23 April at 10 am at the BRAC-CDM, Savar, Dhaka. Record date is March 30.

The company has also reported consolidated EPS Tk 3.13, NAV Tk 7.13 and NOCFPS of Tk 14.77 for the year ended on December 31, 2014 as against Tk 3.20, Tk 29.38 and Tk 11.42 respectively for the year ended on December 31, 2013.

There will be no price limit of the company today (Wednesday) following its corporate declaration. Each share of the bank closed at Tk 33.2 in the last trading session, registering a decline of 0.90 per cent over the previous session.

In 2013, the bank disbursed 10 per cent cash and 10 per cent stock dividend for the year ended on December 31, 2013.

Berger Paints: The board of directors of Berger Paints Bangladesh has recommended 220 per cent cash dividend for the year ended on December 31, 2014.

The AGM will be held on April 19 at 10am at the International Convention Centre (Pushpoguscho, Hall-2), Bashundhara Joarshara, Dhaka. Record date is March 30.

The multinational company has also reported consolidated EPS of Tk 49.64, NAV per share of Tk. 154.04 and NOCFPS of Tk. 54.66 for the year ended on December 31, 2014 as Tk 37.13, NAV per share of Tk. 119.03 and NOCFPS of Tk. 42.67 for the year ended on December 31, 2013.

There will be no price limit of the company today (Wednesday) following its corporate declaration.

Each share of the company closed at Tk 1,728.9 in the last trading session, registering an increase of 2.66 per cent over the previous session. In 2013, the company also disbursed 220 per cent cash dividend.

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