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JMI Syringes & Medical Devices Ltd has recommended 30 per cent cash dividend for the year ended on June 30, 2019, said an official disclosure on Sunday.
The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on November 23 at 11:30am at Sky City Hotel in Dhaka.
The record date is October 13, 2019.
Each share of the company, which was listed on the Dhaka bourse in 2013, closed at Tk 392.60 on Thursday.
However, its share fell 5.76 per cent within five minutes of trading today (Sunday) to stand at Tk 370 each at 10:35am.
The company has also reported EPS of Tk. 6.05, NAV per share of Tk. 68.74, and NOCFPS of Tk. 36.38 for the year ended on June 30, 2019 as against Tk. 6.86, Tk. 71.27, and Tk. 13.64 respectively for the same period of the previous year.
The company has requested the shareholders to check and update their BOID’s Bank A/C details along with routing number to get dividend online through BEFTN System. The shareholders are also requested to provide 12 digits e-TIN to BO A/c to get tax deduction at 10 per cent instead of 15 per cent.
In 2018, it also disbursed 30 per cent cash dividend.
The company’s paid-up capital is Tk 221 million and authorised capital is Tk 1.0 billion, while the total number of securities is 22.10 million.
The sponsor-directors own 79.66 per cent stake in the company, institutional investors own 2.75 per cent, and the general public 17.59 per cent as on August 31, 2019, the DSE data shows.