One Bank Limited declares 6% cash, 5.5% stock dividends

One Bank Limited has recommended 6 percent cash and 5.5 percent stock dividends for the year ended on December 31, 2020.

In a filing with Dhaka Stock Exchange on Monday, the company reported consolidated earnings per share (EPS) of Tk1.57, down 13.73 percent from Tk1.82 in the previous year.

Meanwhile, the consolidated net asset value (NAV) per share was Tk19.31, up from Tk18.21 and consolidated net operating cash flow per share (NOCFPS) was Tk7.09, down from Tk7.20 during the same period.

In the filing, the company also said that stock dividend has been recommended for utilisation of its retained amount as paid-up capital to strengthen the capital base of the company. The dividend has been declared to be utilised for the sustainability and expansion of business of the company.

The stock dividend is declared out of the accumulated profit of the company and not declared from the capital reserve or revaluation reserve or any unrealised gain or out of profit earned prior to incorporation of the company, it said.