7 years ago

Shasha Denims recommends 18.50pc dividend

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The board of directors of Shasha Denims Limited (SDL) has recommended 12.50 per cent cash and 6.0 per cent stock dividend for the year ended on June 30, 2017, said an official disclosure on Wednesday.

However, the company will disburse total 31 per cent dividend, including 12.50 per cent interim cash dividend which was already paid for the year ended on June 30, 2017.

The final approval of dividend will come during the Annual General Meeting (AGM) scheduled to be held on November 15 at 10:00am at Trust Milonayaton in Dhaka.

The record date for entitlement of dividend is on October 31, 2017.

The company has also reported earnings per share (EPS) of Tk 5.23, net asset value per share (NAV) per share of Tk 47.34 and net operating cash flow per share (NOCFPS) of Tk 2.68 for the year ended on June 30, 2017 as against Tk. 4.99, Tk. 44.86 and Tk. 4.62 respectively for the same period of the previous year.

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

Each share of the company, which listed with the Dhaka bourse in 2015, closed at Tk 67.60 on Tuesday at Dhaka Stock Exchange (DSE).

The company’s paid-up capital is Tk 1.12 billion and authorised capital is Tk 2.25 million while total number of securities is 112.78 million.

The sponsor-directors own 46.52 per cent stake in the company, institutional investors own 15.06 per cent, foreign 4.30 per cent and the general public own 34.12 per cent as on August 31, 2017, the DSE data shows.

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