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The board of directors of Bangladesh Finance and Investment Company Limited has recommended 10 per cent stock dividend for the year ended on December 31, 2018.
The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on May 27 at 11:00am at BCIC Auditorium, Dilkusha C/A, in Dhaka.
The record date is May 06, said an official disclosure on Thursday.
The company has also reported consolidated earnings per share (EPS) of Tk 1.85 for the year ended on December 31, 2018 as against Tk 1.83 in the previous year.
The consolidated net asset value (NAV) per share stood at Tk 16.77 for the year ended on December 31, 2018 as against Tk 16.41 in the previous year.
The consolidated net operating cash flow per share (NOCFPS) stood at Tk 1.80 for the year ended on December 31, 2018 as against Tk 5.69 for the previous year.
There will be no price limit on the trading of the shares of the company today (Thursday) following its corporate declaration.
The Bangladesh Finance, which was listed on the Dhaka bourse in 2007, also disbursed 10 per cent stock dividend for the year ended on December 31, 2017.
Each share of the bank closed at Tk 14.60 on Wednesday at the Dhaka Stock Exchange (DSE).
In the last one year, its share traded between Tk 12.40 and Tk 21.80 each.
The company’s paid-up capital is Tk 1.52 billion and authorised capital is Tk 2.0 billion, while the total number of securities is 152.30 million.
The sponsor-directors own 30.62 per cent stake in the company, while the institutional investors own 15.58 per cent and the general public 53.80 per cent as on February 28, 2019, the DSE data shows.