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The board of directors of National Housing Finance & Investment has recommended 19 per cent cash dividend for the year ended on December 31, 2017.
The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on May 3 at 11:00am in Dhaka, said an official disclosure on Monday.
The record date for entitlement of dividend is April 9.
The company has also reported earnings per share (EPS) of Tk 2.40, net asset value (NAV) per share of Tk 15.98 and net operating cash flow per share (NOCFPS) of Tk 19.84 for the year ended on December 31, 2017 as against Tk 2.29, Tk 15.39 and Tk 15.28 respectively for the same period of the previous year.
In 2016 and 2015, the company disbursed 18 per cent and 17 per cent cash dividend respectively.
There will be no price limit on the trading of the shares of the company today (Monday) following its corporate declaration.
Each share of the company, which was listed on the Dhaka bourse in 2009, closed at Tk 38.30 on Sunday at the Dhaka Stock Exchange (DSE).
The company’s paid-up capital is Tk 1.06 billion and authorised capital is Tk 2.0 billion while the total number of securities is 106.39 million.
The sponsor-directors own 60.68 per cent stake in the company, while the government owns 9.34 per cent, institutional investors 18.45 per cent and the general public 11.53 per cent as on February 28, 2108, the DSE data shows.