Apex Footwear recommends 55pc cash dividend

FE Online Report | Friday, 20 September 2019

The board of directors of Apex Footwear Limited has recommended 55 per cent cash dividend for the year ended on June 30, 2019, said an official disclosure.

The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on November 12 at 10:00am at La Vita Hall, Lakeshore Hotel, Gulshan-2 in Dhaka.

The record date is on October 13, 2019.

Each share of the country’s leading shoe manufacturer and exporter, which was listed on the Dhaka bourse in 1993, closed at Tk 264.90 on Thursday.

The company has also reported earnings per share (EPS) of Tk 10.91, net asset value (NAV) per share of Tk 249.83 and net operating cash flow per share (NOCFPS) of Tk 86.29 for the year ended on June 30, 2019 against Tk 11.54, Tk 244.42 and Tk 81.50 respectively for the same period in the previous year.

In 2018, the company also disbursed 55 per cent cash dividend.

The company’s paid-up capital is Tk 112.50 million and authorised capital is Tk 500 million, while the total number of securities is 11.25 million.

The sponsor-directors own 25.48 per cent stake in the company, institutional investors own 33.40 per cent and the general public 41.12 per cent as on August 31, 2019, the DSE data shows.