BSC recommends 6.0pc cash dividend

FE Online Report | Published: October 07, 2018 10:56:44 | Updated: October 08, 2018 10:30:47

The board of directors of Bangladesh Shipping Corporation (BSC) has recommended 6.0 per cent cash dividend for the year ended on June 30, 2018.

The final approval of dividend will come during the annual general meeting (AGM) - scheduled to be held on November 24 at 11:00am in Chittagong, said an official disclosure on Sunday.

The record date is October 25, 2018.

The state-run corporation has also reported earnings per share (EPS) of Tk 0.82, net asset value (NAV) per share of Tk 53.61, and net operating cash flow per share (NOCFPS) of Tk 1.45 for the year ended on June 30, 2018 as against Tk 0.62, Tk 52.70, and Tk 4.02 respectively for the same period of the previous year.

The company also disbursed 10 per cent cash dividend for the year ended on June 30, 2017.

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

Each share of the company, which was listed on the Dhaka Stock Exchange (DSE) in 1977, closed at Tk 41.10 on Thursday.

The company’s paid-up capital is Tk 1.52 billion and authorised capital is Tk 10 billion, while the total number of securities is 152.53 million.

The government owns 52.10 per cent stake in the company while the institutional investors own 21.10 per cent, and the general public 26.80 per cent as on August 30, 2018, the DSE data shows.

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