Standard Ceramic recommends 2.0pc cash div

FE Online Report | Published: November 05, 2018 20:43:01 | Updated: November 06, 2018 13:36:01

The board of directors of Standard Ceramic Industries Ltd has recommended 2.0 per cent cash dividend for general shareholders only (other than sponsors and directors) for the year ended on June 30, 2018.

The sponsors/directors hold 1,841,072 shares out of total 6,460,650 shares of the company and the cash dividend to be payable to the general shareholders is Tk 923,915.60.

The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on December 29 in Gazipur, said an official disclosure on Monday.

The record date is November 27.

The company has also reported earnings per share (EPS) of Tk 1.58, net asset value (NAV) per share of Tk 14.96 and net operating cash flow per share (NOCFPS) of minus Tk 0.65 for the year ended on June 30, 2018 as against minus Tk 0.39, Tk 13.51 and minus Tk 0.29 respectively for the same period of the previous year.

The company, which was listed on the Dhaka bourse in 1996, disbursed 10 per cent cash dividend in 2016. However, the company did not pay any dividend in 2017.

Each share of the company closed at Tk 160.60 on Monday at Dhaka Stock Exchange.

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

The company’s paid-up capital is Tk 64.61 million and authorised capital is Tk 100 million, while total number of securities is 6.46 million, according to statistics from the DSE.

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