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Runner Automobiles recommends 15pc dividend

FE Online Report | Published: September 17, 2019 12:40:39 | Updated: September 18, 2019 11:45:35


The board of directors of Runner Automobiles Ltd has recommended 10 per cent cash and 5.0 per cent stock 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 November 25 in Dhaka, said an official disclosure on Tuesday.

The record date is October 15, 2019.

The company has also reported consolidated earnings per share (EPS) of Tk 5.07, consolidated net asset value (NAV) per share of Tk 65.49, and consolidated net operating cash flow per share (NOCFPS) of Tk 0.67 for the year ended on June 30, 2019 as against Tk 4.90, Tk 59.53, and Tk 2.64 respectively for the same period of the previous year.

The Runner Automobiles raised a capital worth Tk 1.0 billion by issuing 13.93 million ordinary shares in February this year under the book building method.

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 2019, closed at Tk 78.40 on Monday.

The company’s paid-up capital is Tk 1.08 billion and authorised capital is Tk 2.0 billion, while the total number of securities is 108.13 million.

The sponsor-directors own 50.04 per cent stake in the company, institutional investors 25.91 per cent, and the general public 24.05 per cent as on August 31, 2019, the DSE data shows.

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