Sena Insurance shares rise on increased dividend declaration
The share price of Sena Insurance PLC rose by 2.40% following the company's announcement of a 15% cash dividend for 2024, up from 13.50% in the previous year.
The general insurer announced the dividend in a disclosure on the Dhaka Stock Exchange today (6 February).
Additionally, the company's board has decided to purchase 60.22 decimals of land in Rupganj of Narayanganj for Tk9.03 crore, excluding registration and other fees, subject to approval from the Insurance Development and Regulatory Authority.
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The company's share price rose to Tk42.60 today, up from Tk41.60 in the previous session.
According to the disclosure, the annual general meeting to approve the dividend and audited financial statements is scheduled for 24 March, with the record date set for 27 February.
In the last year, Sena Insurance's earnings per share increased by 25% to Tk4.29. The company also reported a net asset value per share at Tk25.16 and a net operating cash flow per share at Tk7.23.
Listed on the stock exchanges in 2021 through a Tk16-crore initial public offering, the insurer currently has a paid-up capital of Tk40 crore, with 4 crore shares.
Of the total shares, sponsors and directors hold 60%, institutional investors own 12.28%, and the remaining 27.72% are held by general shareholders, according to the Dhaka bourse.
