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MJL BD recommends 45pc cash dividend

FE Online Report | Published: October 23, 2019 11:43:59 | Updated: October 24, 2019 11:32:54


Picture used for representational purpose - Collected

The board of directors of MJL Bangladesh Ltd has recommended 45 per cent cash dividend for the year ended on June 30, 2019, said an official disclosure on Wednesday.

The final approval of dividend will come during the Annual General Meeting (AGM) scheduled to be held on December 5 at 11:00 in Dhaka.

The record date for entitlement of dividend is November 12, 2019.

The company has also reported consolidated EPS of Tk. 5.87, consolidated NAV per share of Tk. 35.64 and consolidated NOCFPS of Tk. 6.69 for the year ended on June 30, 2019 as against Tk. 6.66, Tk. 34.07 and Tk. 11.14 respectively for the same period of the previous year.

In 2018, the company disbursed 45 per cent cash and 5.0 per cent stock dividend.

There will be no price limit on the trading of the shares of the company today following its corporate declaration.

Each share of the company, which was listed on the Dhaka bourse in 2011, closed at Tk 76.90 each on Tuesday at Dhaka Stock Exchange (DSE).

The company’s paid-up capital is Tk 3.16 billion and authorised capital is Tk 10 billion while total number of securities is 316.75 million.

The sponsor-directors own 71.53 per cent stake in the company, institutional investors own 18.53 per cent, foreign 0.32 per cent and the general public 9.62 per cent as on September 30, 2019, the DSE data shows.

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