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Delta Brac Housing recommends 35pc dividend

FE Online Report | Published: February 11, 2019 10:30:45 | Updated: February 11, 2019 12:22:38


The board of directors of Delta Brac Housing Finance Corporation Limited has recommended 25 per cent cash and 10 per cent stock dividend for the year ended on December 31, 2018, said an official discourse on Sunday.

The final approval will come during the annual general meeting (AGM) scheduled to be held on March 31, at 10:30am at Delta Life Conference Hall’ in Dhaka.

The record date is March 04.

The company has also reported earnings per share (EPS) of Tk 8.60, net asset value (NAV) per share of Tk 41.36, and net operating cash flow per share (NOCFPS) of Tk 10.90 for the year ended on December 31, 2018 as against Tk 7.79, Tk 35.76, and Tk 16.56 respectively for the same period of the previous year.

In 2017, the company disbursed 30 per cent cash dividend.

Each share of the company, which was listed on the Dhaka bourse in 2008, closed at Tk 141.90 on Sunday at Dhaka Stock Exchange (DSE), gaining 1.79 per cent over the previous session.

The company’s paid-up capital is Tk 1.21 billion and authorised capital is Tk 2.0 billion, while the total number of securities is 121.85 million.

The sponsor-directors own 51.32 per cent stake in company, while institutional investors own 2.31 per cent, foreign 43.21 per cent, and the general public 3.16 per cent as on January 31, 2019, the DSE data shows.

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