Northern insurance declares 10pc cash dividend

Northern islami insurance Ltd has recommended 10 per cent cash dividend for the year ended on December 31, 2019.

The board of directors of the in a meeting held on 21 julay approved the audited financial statements for the year ended on December 31, 2019 and recommended the dividend.

The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on September 21.
The record date for entitlement of the dividend is Augest 13.

The insurance has reported earnings per share (EPS) of Tk 1.72 for the year ended on December 31, 2019 which was Tk 1.65 in the previous year.

Its net asset value (NAV) per share was Tk 19.49 for the year ended on December 31, 2019.