The board of directors of BD Finance has recommended 6.0 per cent cash and 6.0 per cent stock dividend for the year ended on December 31, 2020.
The final approval of dividend will come during the annual general meeting (AGM) scheduled for March 31 at 11:00 am, to be held online.
The record date is March 11, the company said in a filing with the Dhaka Stock Exchange (DSE) on Thursday.
The company has also reported consolidated EPS of Tk 1.80, consolidated NAV per share of Tk 17.86 and consolidated NOCFPS of Tk 3.79 for the year ended on December 31, 2020, as against Tk 1.12, Tk 16.37, and Tk 1.09 respectively for the same period of the previous year.
The bonus shares were issued to increase the capital base considering the size and the growth of the company's business. Bonus share has not been declared from the revaluation or any unrealised gain or through reducing paid-up capital so that the post dividend retained earnings will have a negative impact, said the company.
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 2007, closed at Tk 31.80 each on Wednesday. Its share traded between Tk 6.90 and Tk 33.60 each in the last year.
The company disbursed 10 per cent cash dividend for the year ended on December 31, 2019.
The company’s paid-up capital is Tk 1.67 billion and authorised capital Tk 2.0 billion while the total number of securities is 167.52 million.
The sponsor-directors own 30.32 per cent stake in the company, while institutional investors own 13.64 per cent and the general public 56.04 per cent as of January 31, 2021, the DSE data showed.