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The board of directors of Legacy Footwear Ltd has recommended 5.0 per cent cash and 15 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 November 17 at Factory Premises in Gazipur, said an official disclosure on Wednesday.
The record date is October 17, 2018.
The company has also reported earnings per share (EPS) of Tk 2.01, net asset value (NAV) per share of Tk 18.98, and net operating cash flow per share (NOCFPS) of Tk. 2.39 for the year ended on June 30, 2018 as against Tk. 1.11, Tk. 18.51, and Tk. 4.11 respectively for the same period of the previous year.
The company’s share trading has been suspended since August 19 as per an order of Bangladesh Securities and Exchange Commission (BSEC) due to ‘abnormal’ price hike of its shares.
As the trading of the shares remains suspended, price limit open is not applicable today (Wednesday) following its corporate declaration.
In 2017, the company disbursed 10 per cent stock dividend.
The last trading day’s closing price of the company’s share was Tk 262.80 each.
In the last one year, its share price traded between Tk 41.10 and Tk 280 each.
The company was listed on the Dhaka Stock Exchange (DSE) in 2000.
The company’s paid-up capital is Tk 113.74 million and authorised capital is Tk 750 million, while the total number of securities is 11.37 million.
The sponsor-directors own 30 per cent stake in the company, while the institutional investors 5.44 per cent, foreign 6.12 per cent, and the general public 58.44 per cent as on August 31, 2018, the DSE data shows.