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Uttara Finance recommends 20pc cash dividend

FE Online Report | Published: May 12, 2019 11:14:13 | Updated: May 20, 2019 11:11:06


Photo collected from internet has been used for representational purpose only

The board of directors of Uttara Finance and Investments has recommended 20 per cent cash dividend for the year ended on December 31, 2018.

The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on June 26 in Dhaka, said an official disclosure on Sunday.

The record date for entitlement of dividend is May 30.

The company has also reported EPS of Tk 8.27, NAV per share of Tk 55.00 and NOCFPS of Tk (22.02) for the year ended on December 31, 2018 as against Tk 7.25, Tk 49.64 and Tk 11.33 respectively for the same period of the previous year.

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

The company also disclosed first quarter financial reports on Sunday. As per the un-audited Q1 reports, EPS was Tk 3.04 for January-March 2019 as against Tk 2.28 for January-March 2018.

The NOCFPS was Tk 9.97 for January-March 2019 as against Tk 0.95 for January-March 2018.  The NAV per share was Tk 58.04 as on March 31, 2019 and Tk 55.00 as on December 31, 2018.

The company disbursed 30 per cent cash dividend in 2017.

Each share of the company, which was listed on the Dhaka bourse in 1997, closed at Tk 65 on Thursday last.

In the last one year, its share traded between Tk 53 and Tk 74.50 each.

The company’s paid-up capital is Tk 1.25 billion and authorised capital is Tk 5.0 billion while the total number of securities is 125.22 million.

The sponsor-directors own 48.34 per cent stake in the company, while the institutional investors own 33.98 per cent, foreign investors 3.91 per cent and the general public 13.77 per cent as on February 28, 2019, the DSE data shows.

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