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Prime Textile recommends 5.0pc dividend

FE Online Report | Published: October 31, 2019 11:51:05 | Updated: November 01, 2019 10:39:03


Picture used for representational purpose - Collected

The board of directors of Prime Textile Spinning Mills Ltd has recommended 5.0 per cent cash dividend for the year ended on June 30, 2019, said an official disclosure on Thursday.

The final approval of dividend will come during the Annual General Meeting (AGM) scheduled to be held on December 28, 2019 in Narayanganj.

The record date is November 25, 2019.

The company has also reported EPS of Tk. 0.54, NAV per share of Tk. 48.43 and NOCFPS of Tk. 2.93 for the year ended on June 30, 2019 as against Tk. 1.05, Tk. 48.72 and negative Tk. 3.55 respectively for the same period of the previous year.

In 2018, the company also disbursed 10 per cent cash 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 1995, closed at Tk 23.30 on Wednesday at Dhaka Stock Exchange (DSE).

The company’s paid-up capital is Tk 382 million and authorised capital is Tk 1.50 billion while total number of securities is 38.20 million.

The sponsor-directors own 50 cent stake in the company, while the institutional investors own 11.57 per cent, foreign investors 0.25 per cent and the general public 38.18 per cent as on September 30, 2019, the DSE data shows.

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