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RSRM Steels recommends 12pc cash dividend

FE Online Report | Published: October 31, 2019 11:46:00 | Updated: November 01, 2019 10:33:54


The board of directors of Ratanpur Steel Re-rolling Mills Limited has recommended 12 per cent cash dividend for general shareholders (excluding sponsors & directors) for the year ended on June 30, 2019, said an official disclosure on Thursday.

The sponsors/directors hold 30.28 million shares out of total 101.18 million shares of the company and the cash dividend to be payable to the General shareholders is Tk 85.08 million.

The annual general meeting will be held on December 29 at 11:00 am in Chattogram.

The record date is December 5.

The company has also reported EPS of Tk 5.58, NAV per share (before consideration of dividend) of Tk 49.48 and NOCFPS (before consideration of dividend) of Tk 1.31 for the year ended on June 30, 2019 as against Tk 7.05, Tk 44.74 and Tk 1.00 respectively for the same period of the previous year.

In 2018, the company also disbursed 12 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 2014, closed at Tk 29.80 on Wednesday at Dhaka Stock Exchange (DSE).

The company’s paid-up capital is Tk 1.01 billion and authorised capital is Tk 5.0 billion while total number of securities is 101.18 million.

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