The board of directors of Mercantile Bank Limited has recommended 20 per cent stock dividend (one bonus share for every five shares) for the year that ended on December 31, '08.
The annual general meeting (AGM) of the bank will be held at Winter Garden of Dhaka Sheraton Hotel at 11am on March 31, '09.
The record date is March 16, '09. There will be no price limit on the trading of the shares of the bank today (Wednesday) following its corporate declaration.
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