United Insurance declares 15pc cash dividend

Business Desk :

United Insurance Company Limited, a publicly listed non-life insurer, has recommended a 15 per cent cash dividend for its shareholders for 2024.

According to officials, the new board proposed the dividend to reinforce shareholder trust and confidence, fulfilling a commitment made when the current owners took charge.

Following the dividend announcement through the Dhaka Stock Exchange (DSE), its share closed 0.54 per cent higher at Tk37.50.

According to the price-sensitive statement, its earnings per share (EPS) in 2024 increased by 27 per cent to Tk2.26 compared to the previous year.

The company said its EPS has increased due to higher investment income and lower claim expenses.

To approve the dividend and audited financial statement, the company’s annual general meeting (AGM) will be held on 26 June through the digital platform, and the record date has been fixed on 20 May.