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The Financial Express

Delta Brac declares 35pc dividend

FE Online Report | Published: February 20, 2020 11:27:57 | Updated: February 23, 2020 16:23:15


Delta Brac declares 35pc dividend

The board of directors of Delta Brac Housing Finance Corporation Ltd has recommended 20 per cent cash and 15 per cent stock dividend for the year ended on December 31, 2019.

The annual general meeting (AGM) will be held on March 29 at 11am in Dhaka. The record date is March 11.

The company has reported earnings per share (EPS) of Tk 8.04, net asset value (NAV) per share of Tk 43.36 and net operating cash flow per share (NOCFPS) of Tk 14.40 for the year ended on December 31, 2019 as against Tk 7.82 (restated), Tk 41.36 and Tk 10.90 respectively for the same period of the previous year.

The company has also informed that stock dividend has been recommended in view to utilise its retained amount as paid-up capital for improving the capital adequacy and thereby facilitate future business expansion of the company.

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

Each share of the insurer, which was listed on the Dhaka bourse in 2008, closed at Tk 114.70 each on Wednesday.

The company disbursed 25 per cent cash and 10 per cent stock dividend for the year ended on December 31, 2018.

The company’s paid-up capital is Tk 1.34 billion and authorised capital Tk 2.0 billion while total number of securities is 134.03 million.

The sponsor-directors own 51.32 per cent stake in the company, while institutional investors own 4.17 per cent, foreign investors 42.02 per cent and the general public 2.49 per cent as of January 31, 2020, the DSE data showed.

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