RAK Ceramic recommends 20pc dividend

FE Online Report | Published: February 07, 2019 12:03:02 | Updated: February 10, 2019 10:47:27

The board of directors of RAK Ceramics (Bangladesh) Limited has recommended 10 per cent cash and 10 per cent stock dividend for the year ended on December 31, 2018.

The final approval will come during the annual general meeting (AGM) scheduled to be held on April 09 at 10:00am. Venue: will be notified later, said an official discourse on Thursday.

The record date is on February 28.

The company has also reported consolidated earnings per share (EPS) of Tk 2.29, consolidated net asset value (NAV) per share of Tk 17.97 and consolidated net operating cash flow per share (NOCFPS) of Tk 1.46 for the year ended on December 31, 2018 as against Tk 2.62 (restated), Tk 18.25 and Tk 4.72 (restated) respectively for the same period of the previous year.      

In 2017, the company also 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 (Thursday) following its corporate declaration.

Each share of the company, which was listed on the Dhaka bourse in 2010, closed at Tk 39.90 on Wednesday last at Dhaka Stock Exchange (DSE).

The company’s paid-up capital is Tk 3.89 billion and authorised capital is Tk 6.0 billion, while the total number of securities is 389.06 million.

The sponsor-directors own 72.08 per cent stake in company, while institutional investors own 14.72 per cent, foreign 0.10 per cent and the general public 13.10 per cent as on December 31, 2018, the DSE data shows.


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