DFCC Bank announces scrip dividend for 2020

DFCC Bank yesterday announced that its Board has approved a distribution to the shareholders by way of a first and final dividend of Rs. 3 per share in the form of a scrip dividend, for the financial year ended 31 December 2020.

The stated capital of DFCC is Rs. 7.68 billion. DFCC has 305.99 million shares in issue and as per the Rs. 3 dividend, the amount to be capitalised will be Rs. 917.99 million. Consideration of a share as at 16 February was Rs. 63.20 and the number of shares is to be issued is 14.525 million in the proportion of 1 for 21.066.

The scrip dividend is subject to CSE approval.