B Mirror Report: Listed lender Midland Bank has received approval from the Bangladesh Securities and Exchange Commission (BSEC) to issue shares against its declared 3 percent stock dividend for the year ended December 31, 2025.

According to sources at the Dhaka Stock Exchange (DSE), the approval was granted through a BSEC letter dated May 20, 2026. Under the approval, the bank will issue 19 crore 70 lakh 65 thousand 795 shares with a face value of Tk 10 each as stock dividend. The total value of the issued shares stands at Tk 19 crore 76 lakh 57 thousand 950.

Following the share issuance, Midland Bank’s paid-up capital will increase from the existing Tk 658 crore 85 lakh 98 thousand 450 to Tk 678 crore 62 lakh 56 thousand 400.

The bank also confirmed that the previously announced record date of June 1, 2026 will remain unchanged. Shareholders eligible on the record date will be entitled to participate in the bank’s 13th Annual General Meeting (AGM), scheduled for June 24, and receive a total 6 percent dividend, including 3 percent cash and 3 percent stock dividend.