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The board of directors of Uttara Finance & Investments Limited has recommended 30 per cent cash dividend for the year ended on December 31, 2017.
The final approval of the dividend will come during the annual general meeting scheduled to be held on May 24 in Dhaka, said an official disclosure on Sunday.
The record date for entitlement of dividend is April 26.
The Company has also reported earnings per share of Tk 7.25, net asset value per share of Tk 49.62 and net operating cash flow per share of Tk 11.33 for the year ended on December 31, 2017 as against Tk 6.62, Tk 45.49 and Tk 6.28 respectively for the same period of the previous year.
In 2016, the company also disbursed 30 per cent cash dividend.
There will be no price limit on the trading of the shares of the bank today (Sunday) following its corporate declaration.
Each share of the company, which was listed on the Dhaka bourse in 1997, closed at Tk 68.60 on Thursday last at the Dhaka Stock Exchange.
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 32.98 per cent, foreign 3.91 per cent and the general public 14.77 per cent as on February 28, 2018, the DSE data shows.