Business Desk :
Paramount Insurance has announced a 10 per cent cash dividend for its shareholders for 2024, driven by higher profits. The company declared the same dividend amount in the previous year as well.
Following financial disclosures its share price declined by 5.34 per cent, or Tk2.2 per share, closing at Tk39 at the Dhaka Stock Exchange on Thursday.
Although its shares gradually climbed to Tk41.7 on 16 March from Tk34.8 on 9 March, they closed at Tk42 on 18 March. Thereafter, the share price declined for two consecutive trading sessions, including on Thursday.
According to the disclosure, its earnings per share (EPS) increased by 28.90 per cent year-on-year to Tk2.23 at the end of 2024.
Its net asset value per share slightly increased to Tk27.26, while net operating cash flow per share rose to Tk2.91 for the year ended 31 December 2024, up from Tk26.56 and Tk1.54, respectively, in the previous fiscal year.
To confirm its financials and recommended dividend, the company has scheduled its annual general meeting for 27 May, to be held in a hybrid format, combining physical and online participation.
To identify its shareholders, the record date has been fixed for 22 April.
The insurer was listed on the bourse in 2007, and its shares have been trading under the A category.
As of February 2025, sponsor-directors held 48.48 per cent of its total shares, institutional investors 20.55 per cent, foreign shareholders 0.04 per cent, and the general public 30.93 per cent.
