Mercantile Bank recommends 25pc stock dividend
Mercantile Bank Ltd has recommended a 25 percent stock dividend for its shareholders for the year that ended on December 31, 2004.The recommendation was made at a meeting of the Board of Directors on Monday in Dhaka, says a press release. Chairman of Board of Directors of the bank Md Abdul Jalil MP, directors Dr Toufique Rahman Chowdhury and Md Abdul Hannan, Managing Director Shah Md Nurul Alam and other members of the Board and senior officials of the bank were present at the meeting. The dividend recommendation will be placed for approval before the bank's 6th annual general meeting scheduled for May 14, 2005.
| 
