GSP Finance declares 10.5pc dividend

FE ONLINE REPORT | Thursday, 13 August 2020

The board of directors of GSP Finance Company (Bangladesh) Ltd has recommended 6.0 per cent cash and 4.50 per cent stock dividend for the year ended on December 31, 2019.

The final approval will come during the annual general meeting (AGM) scheduled to be held on September 23 at 11:00 am through a digital platform.

The record date is September 3.

The company has also reported consolidated EPS of Tk. 1.46, consolidated NAV per share of Tk. 22.49 and consolidated NOCFPS of Tk. 3.76 for the year ended on December 31, 2019 as against Tk. 2.40, Tk. 22.84 and Tk. 0.57 respectively for the same period of the previous year.

There will be no price limit on the trading of the shares of the Company today following its corporate declaration; however, as per the BSEC Order dated March 19, 2020, the floor price shall be applicable accordingly.

Each share of the company, which was listed on the Dhaka bourse in 2012, closed at Tk 15.40 on Wednesday.

The company disbursed 18 per cent cash dividend for the year ended on December, 2018.

The company’s paid-up capital is Tk 1.29 billion and authorised capital is Tk 2.0 billion while total number of securities is 129.22 million.

The sponsor-directors own 35.51 per cent stake in the company, while the institutional investors own 20.57 per cent, foreign investors 2.75 per cent and the general public 41.17 per cent as on June 30, 2020, the DSE data shows.