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Olympic Industries declares 50pc cash dividend

FE Online Report | Published: November 11, 2019 12:31:49 | Updated: November 13, 2019 11:00:22


The board of directors of Olympic Industries has recommended 50 per cent cash dividend for the year ended on June 30, 2019, said an official disclosure on Monday.

The final approval of dividend will come during the Annual General Meeting (AGM) scheduled to be held on December 26 in Narayanganj.

The record date is November 28, 2019.

The company has also reported EPS of Tk 9.36, NAV per share of Tk 36.09, and NOCFPS of Tk 10.54 for the year ended on June 30, 2019 as against Tk 8.96, Tk 31.53, and Tk 4.57 respectively for the same period of the previous year.

In 2018, the company also disbursed 40 per cent cash dividend.

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 1989, closed at Tk 187.50 on Thursday last at Dhaka Stock Exchange (DSE).

The company’s paid-up capital is Tk 1.99 billion and authorised capital is Tk 2.0 billion while total number of securities is 199.93 million.

The sponsor-director own 27.77 per cent stake in the company, while the institutional investors own 16.62 per cent, foreign 39.87 per cent, and the general public 15.75 per cent as on October 31, 2019, the DSE data shows.

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