The dividend was announced at the 16th annual general meeting of the company held in Dhaka recently.

Md Abdul Khaleque, chairman of the Federal Insurance Company Limited, presided over the meeting, says a press release.

Directors, Managing Director AKM Sarwardy Chowdhury and Company Secretary Abdul Haque were present.

Ahsanul Kabir Siddiquee, Farkhrul Anwar and Md Nasir Uddin were elected directors from public shareholders at the meeting.