Jamuna Bank got permission to declare dividend – 2024-04-29 12:35:54

by times news cr

2024-04-29 12:35:54

Jamuna Bank Plc, a listed company in the banking sector of the capital market, has received permission from Bangladesh Bank to declare dividend for the financial year ended 31 December 2023. The bank will take a decision on this in its next board meeting.

On Wednesday (April 24), Dhaka and Chittagong Stock Exchange (DSE-CSE) informed this information.

According to information, a meeting of the Board of Directors of Jamuna Bank is scheduled to be held on Monday (April 29). In that meeting, after reviewing and approving the last year’s audited accounts, the decision regarding dividend will be taken.

According to Bangladesh Bank’s instructions, every listed bank has to seek permission from them before declaring dividend. In this application, the amount and type of dividend proposed should be mentioned. The Central Bank reviews the financial condition of the applicant bank and decides on the proposal.

Jamuna Bank paid 26 per cent dividend to shareholders for 2022, which included 17.50 per cent cash dividend and 8.50 per cent bonus. That year, the consolidated earnings per share of the bank were Tk. 212.

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