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Listed FIs witness mixed performance in dividend recommendation

FE Report | Published: June 02, 2019 10:27:18 | Updated: June 09, 2019 11:26:16


The listed financial institutions (FIs) have witnessed mixed performance in recommending dividends for the year ended on December 31, 2018 compared to previous year.

The companies have recommended dividends in the form of cash and stock or both.

The companies have also displayed a mixed trend in earnings per share (EPS) for the year ended on December 31, 2018 compared to same period of the previous year.

The EPS of Delta Brac Housing Finance Corporation, IDLC Finance, United Finance, National Housing Finance and Investment, Islamic Finance & Investment, Bangladesh Finance and Investment Company and Uttara Finance and Investments rose for 2018.

The EPS of Prime Finance & Investment and Bay Leasing & Investment also rose for 2018 compared to previous year.

Of the companies, LankaBangla Finance has recommended 15 per cent cash dividend for 2018 against 7.5 per cent cash and 7.5 per cent stock dividend disbursed in previous year.

The company's earnings per share (EPS) declined significantly for 2018 compared to previous year. The company has informed that its net profit after tax declined by 47 per cent compared to last year as there was no dividend from subsidiaries. Besides, the company's income from investment in shares also declined by Tk 273 million in 2018 compared to last year.

IDLC Finance has recommended 35 per cent cash dividend for 2018 against 30 per cent cash dividend disbursed in previous year.

The company's EPS declined marginally for 2018 compared to previous year. The company has also reported its consolidated EPS of Tk. 5.76 for 2018 against Tk. 6.13 calculated in previous year.

Delta Brac Housing Finance Corporation has recommended 25 per cent cash and 10 per cent stock dividend for 2018 against 30 per cent cash dividend disbursed in the previous year.

The company's EPS was Tk. 8.60 for 2018 against Tk. 7.79 reported in previous year.

IPDC Finance has recommended 7.0 per cent cash and 8.0 per cent stock dividend for 2018 against 20 per cent stock dividend of the previous year.

The company's EPS was Tk. 2.06 for 2018 against Tk. 1.54 reported in the previous year.

The dividend of United Finance was 10 per cent cash for 2018 against 10 per cent cash and 5.0 per cent stock disbursed for the previous year. The company has reported EPS of Tk. 1.48 for 2018 as against Tk. 1.44 for previous year.

National Housing Finance and Investment has recommended 10 per cent cash and 10 per cent stock dividend for 2018 against 10 per cent cash dividend disbursed in previous year.

The company's EPS has stood at Tk. 2.59 for 2018 as against Tk. 2.40 reported in previous year.

Islamic Finance & Investment recommended 10 per cent cash and 4.50 per cent stock dividend for 2018 against 14.50 per cent cash dividend disbursed in previous year. The company's EPS was Tk. 1.82 for 2018 against Tk. 1.81 reported for previous year.

GSP Finance Company (Bangladesh) has recommended 18 per cent cash dividend for 2018 against 23.50 per cent stock dividend disbursed for the previous year. The company has reported consolidated EPS of Tk. 2.40 for 2018 against Tk. 2.49 reported for 2017.

Bangladesh Finance and Investment Company has recommended 10 per cent stock dividend for 2018. The company recommended no dividend in the previous year. The company's consolidated EPS was Tk. 1.85 for 2018 against Tk. 1.83 reported in previous year.

Phoenix Finance and Investments has recommended 15 per cent stock dividend for 2018 against 20 per cent cash dividend disbursed in previous year. The company's EPS was Tk. 2.33 for 2018 against Tk. 2.35 reported for 2017.

Union Capital has recommended 5.0 per cent stock dividend for 2018 against same amount of stock dividend disbursed in previous year.

The company has reported its consolidated EPS of Tk. 0.56 for 2018 against Tk. 1.08 (restated) reported for previous year.

Uttara Finance and Investments has recommended 20 per cent cash dividend for 2018 against 30 per cent cash dividend disbursed in previous year. The company's EPS stood at Tk. 8.27 for 2018 against Tk. 7.25 reported for previous year.

FAS Finance & Investment has recommended 5.0 per cent stock dividend for 2018 against 10 per cent cash dividend disbursed in previous year.

The company's consolidated EPS was Tk. 0.85 for 2018 as against Tk. 1.00 (restated) calculated in the previous year.

Prime Finance & Investment has recommended no dividend for 2018. The company recommended no since 2014.

The company has reported its consolidated EPS of Tk. 0.22 for 2018 against the loss of Tk 1.68 per cent incurred in previous year.

Bay Leasing & Investment has recommended 10 per cent cash dividend for 2018 against 10 per cent cash and 5.0 per cent stock dividend disbursed in previous year.

The company has reported its consolidated EPS of Tk. 1.60 for 2018 against Tk. 1.18 (restated) reported for previous year.

MIDAS Financing has recommended 2.50 per cent stock dividend for 2018 against 10 per cent stock dividend disbursed in previous year.

The company's consolidated EPS stood at Tk. 0.09 for 2018 against Tk. 1.65 reported for 2017.

mufazzal.fe@gmail.com

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