Paramount Insurance PLC has announced a 10 percent cash dividend for its shareholders for 2024, driven by higher profits. The company declared the same dividend amount in the previous year as well.

Yesterday, Paramount Insurance disclosed the information through an announcement on the Dhaka Stock Exchange (DSE) website.

Meanwhile, the company reported earnings per share of Tk 2.23 for 2024, up from Tk 1.73 in the previous year. Its net asset value per share also increased to Tk 27.26 last year, compared to Tk 26.56 in 2023.

Despite the announcement, shares of the general insurance company dropped 3.64 percent to Tk 39 as the closing price of the day yesterday.