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The board of directors of FAS Finance & Investment has recommended 10 per cent stock dividend for the year ended on December 31, 2017, said an official disclosure on Wednesday.
The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on June 20 in the capital city.
The record date for entitlement of dividend is April 19.
The company has also reported consolidated earnings per share of Tk 1.10, consolidated net asset value per share of Tk 14.67, and consolidated net operating cash flow per share of Tk 8.01 for the year ended on December 31, 2017 as against Tk 0.72 (restated), Tk 14.12 (restated), and Tk 9.10 (restated) respectively for the same period of the previous year.
In 2016, the company disbursed 5.0 per cent stock dividend.
There will be no price limit on the trading of the shares of the bank today (Wednesday) following its corporate declaration.
Each share of the company, which was listed on the Dhaka bourse in 2008, closed at Tk 13.70 on Tuesday at the Dhaka Stock Exchange.
The company’s paid-up capital is Tk 1.29 billion and authorised capital is Tk 2.10 billion while the total number of securities is 129.07 million.
The sponsor-directors own 32.82 per cent stake of the company, while the institutional investors own 16.71 per cent, and the general public 50.47 per cent as on February 28, 2108, the DSE data shows.