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Atlas Bangladesh recommends 2pc cash, 10pc stocks dividend

FE Online Report | Published: November 07, 2017 12:01:34 | Updated: November 08, 2017 11:43:18


The board of directors of Atlas Bangladesh Limited has recommended 2.0 per cent cash and 10 per cent stock dividend for the year ended on June 30, 2017, said an official disclosure on Tuesday.

The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on December 21 at Factory premises of the company at Tongi in Gazipur.

The record date for entitlement of dividend is November 27 2017.

The state-run company has also reported earnings per share (EPS) of Tk 2.63, net asset value per share (NAV) of Tk 165 and net operating cash flow per share (NOCFPS) of Tk 3.94 for the year ended on June 30, 2017 as against Tk 1.19, Tk 177.00 and Tk 7.01 respectively for the same period of the previous year.

In 2016, the company disbursed 10 per cent cash and 5.0 per cent stock dividend.

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

Each share of company, which was listed on the Dhaka bourse in 1988, closed at Tk 123.30 on Monday the Dhaka Stock Exchange (DSE).

The company’s paid-up capital is Tk 273.78 million and authorised capital is Tk 1.0 billion, while the total number of securities is 27.37 million.

Sponsor-directors own 1.14 per cent stake of the company while the government owns 51 per cent, institutional investors own 22.32 per cent and the general public 25.54 per cent as on September 30, 2017, the DSE data shows.

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