Stylecraft recommends 410pc stock dividend

FE Online Report | Published: October 10, 2018 11:51:14 | Updated: October 11, 2018 11:27:31


The board of directors of Stylecraft Ltd, a textile sector company, has recommended 410 per cent stock 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 December 17 at 3:00pm at Spectra Convention Hall in Dhaka.

The record date is November 04, 2018.

The company has also reported earnings per share (EPS) of Tk 36.16, net asset value (NAV) per share of Tk 317.93 and net operating cash flow per share (NOCFPS) of Tk 36.30 for the year ended on June 30, 2018 as against Tk 52.47, Tk 508.04 and Tk 89.44 respectively for the same period of the previous year.

The company disbursed 10 per cent cash and 80 per cent stock 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 following its corporate declaration.

Each share of the company, which was listed on the Dhaka Stock Exchange (DSE) in 1983, closed at Tk 4,081.10 each on Tuesday.

In the last one year, its share price traded between Tk 1,301 and Tk 4,720.

The company’s paid-up capital is Tk 9.90 million and authorised capital is Tk 500 million, while the total number of securities is 990,000.

The sponsor-directors own 50.39 per cent stake in the company while institutions own 7.19 per cent and the general public 42.42 per cent as on September 30, 2018, the DSE data shows.

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