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BSRML recommends 25pc dividend

FE Online Report | Published: September 17, 2019 12:23:13 | Updated: September 18, 2019 10:47:58


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The board of directors of Bangladesh Steel Re-rolling Mills Ltd (BSRML) has recommended 25 per cent cash dividend for the year ended on June 30, 2019.

The final approval the of dividend will come during the annual general meeting (AGM) scheduled to be held on December 19 in Chattogram, said an official disclosure on Tuesday.

The record date is October 27, 2019.

The company has also reported consolidated earnings per share (EPS) of Tk 7.88, consolidated net asset value (NAV) per share of Tk 97.46 and consolidated net operating cash flow per share (NOCFPS) of Tk 39.62 for the year ended on June 30, 2019 as against Tk 11.77, Tk. 63.70 and negative Tk 37.39 respectively for the same period of the previous year.

In 2018, the company disbursed 10 per cent cash and 10 per cent stock dividend.

There will be no price limit on the trading of the shares of the company today following its corporate declaration.

Each share of the company, which was listed on the Dhaka Stock Exchange (DSE) in 2015, closed at Tk 66 on Monday.

The company’s paid-up capital is Tk 2.36 billion and authorised capital is Tk 5.0 billion, while the total number of securities is 236.06 million.

The sponsor-directors own 40.94 per cent stake in the company, institutional investors 19.34 per cent, foreign 17.06 per cent and the general public 22.66 per cent as on August 31, 2019, the DSE data shows.

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