2023-05-30 06:35:35
The board of directors of listed Purvi General Insurance has decided to pay 7 percent cash and 3 percent bonus share dividend to shareholders for the year ended December 31, 2022.
That is, the shareholders of the company will get Rs 70 in cash and 3 ordinary shares against 100 shares as dividend.
Along with the dividend announcement, the company released its financial report for the first three months (January to March) of the current year. According to the financial report, the profit of the company has increased compared to last year.
Based on the information provided by the company’s authorities, this information was released from the main stock market Dhaka Stock Exchange (DSE) on Tuesday.
The Annual General Meeting (AGM) is scheduled to be held on September 3 for approval by the shareholders of the company’s board of directors regarding the dividend. The record date is set for July 10.
For the financial year ended the company posted Earnings per Share (EPS) of Tk 1 44 paise and Net Assets per Share (NAVPS) stood at Tk 13 69 paise.
DSE said there will be no circuit breaker for the company’s share price to rise today due to the dividend announcement. That is, the share price can increase as much as it likes. However, the share price cannot fall below the floor price.
Meanwhile, the company made a profit of 30 paise per share during the period from January to March this year, which was 26 paise in the same period last year.
Along with the profit, the company’s assets also increased. At the end of March this year, the asset value per share stood at 13 taka 99 paisa, which was 13 taka 64 paisa at the end of March 2022.
MAS/MHR/JIM
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