The Financial Express

IPDC recommends 12pc cash dividend

| Updated: February 20, 2021 10:46:14

IPDC recommends 12pc cash dividend

The board of directors of IPDC Finance has recommended 12 per cent cash dividend for the year ended on December 31, 2020.

The final approval of dividend will come during the annual general meeting (AGM) scheduled for April 4, 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 earnings per share (EPS) of Tk 1.90, net asset value (NAV) per share of Tk 16.34 and net operating cash flow per share (NOCFPS) of Tk 20.58 for the year ended on December 31, 2020, as against Tk 1.72 (restated), Tk 15.03 (restated), and Tk. 11.75 (restated) 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 2006, closed at Tk 26.80 each on Wednesday. Its share traded between Tk 18.7 and Tk 35.5 each in the past year.

The company disbursed 10 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2019.

The company’s paid-up capital is Tk 3.71 billion and authorised capital Tk 8.0 billion while the total number of securities is 371.09 million.

The sponsor-directors own 48.04 per cent stake in the company, while the government owns 21.88 per cent, institutional investors own 16.26 per cent, foreign investors 2.80 per cent and the general public 11.02 per cent as of January 31, 2021, the DSE data showed.

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