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Regent Textile recommends 5.0pc stock dividend

FE Online Report | Published: November 13, 2019 13:42:41 | Updated: November 14, 2019 18:10:35


The board of directors of Regent Textile Mills Ltd has recommended 5.0 per cent stock dividend for the year ended on June 30, 2019, said an official disclosure on Wednesday.

The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on December 29 in Chattogram.

The record date is December 5, 2019.

The company has also reported EPS of Tk 0.97, NAV per share of Tk. 30.21, and NOCFPS of Tk. 1.02 for the year ended on June 30, 2019 as against Tk. 1.07 (restated), Tk. 30.70, and Tk. 2.40 (restated) respectively for the same period of the previous year.

The company has also informed that bonus dividend has been declared aiming to utilise its retained amount as capital for business expansion as well as working capital. Moreover, the company is under process of BMRE completion which required huge investment from its own cash flow.

In 2018, the company also disbursed 5.0 per cent stock dividend.

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

Each share of the company, which was listed on the Dhaka bourse in 2015, closed at Tk 10.80 on Tuesday at Dhaka Stock Exchange (DSE).

The company’s paid-up capital is Tk1.21 billion and authorised capital is Tk 1.50 billion while total number of securities is 121.27 million.

The sponsor-director own 54.55 per cent stake in the company, while the institutional investors own 5.38 per cent, and the general public 40.07 per cent as on September 30, 2019, the DSE data shows.

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