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Confidence Cement recommends 30pc dividend

FE Online Report | Published: October 27, 2019 11:55:19 | Updated: October 28, 2019 10:37:31


The board of directors of Confidence Cement Ltd has recommended 15 per cent cash and 15 per cent stock dividend for the year ended on June 30, 2019, said an official disclosure on Sunday.

The final approval of dividend will come during the Annual General Meeting (AGM) scheduled to be held on December 22 at 11:00am in CBC Confidence Cement Convention Center, Ghat-11, East Patenga, Chattogram.

The record date is November 21, 2019.

The company has reported EPS of Tk 6.01, NAV per share of Tk. 67.24 and NOCFPS of Tk. (7.32) the year ended on June 30, 2019 as against Tk. 5.67 (restated), Tk. 74.73 (restated) and Tk. (9.43) respectively for the same period of the previous year.

In 2018, the company disbursed 15 per cent cash and 20 per cent stock dividend.

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

Each share of the company, which was listed on the Dhaka bourse in 1995, closed at Tk 132.40 each on Thursday at Dhaka Stock Exchange (DSE).

The company’s paid-up capital is Tk 647.91 million and authorised capital is Tk 1.0 billion while total number of securities is 64.79 million.

The sponsor-directors own 27.88 per cent stake in the company, institutional investors own 25.78 per cent and the general public 44.34 per cent as on September 30, 2019, the DSE data shows.

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