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The board of directors of Shepherd Industries Ltd has recommended 10 per cent stock dividend for the year ended on June 30, 2019, said an official disclosure on Sunday.
The final approval of dividend will come during the Annual General Meeting (AGM) scheduled to be held on December 26 in Dhaka.
The record date is November 25, 2019.
The company has also reported EPS of Tk. 0.90, NAV per share of Tk. 17.53 and NOCFPS of Tk. (0.60) for the year ended on June 30, 2019 as against Tk. 1.15, Tk. 17.83, and Tk. 4.65 respectively for the same period of the previous year.
The board has also agreed to purchase 15.50 million ordinary shares, Tk 10 for each share (face value) of Shepherd Jeans by consideration of Land, Building and Machineries for the sum of Tk 155 million.
In 2018, the company 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 2017, closed at Tk 35.10 each on Thursday at Dhaka Stock Exchange (DSE).
The company’s paid-up capital is Tk 1.36 billion and authorised capital is Tk 1.90 billion while total number of securities is 136.62 million.
The sponsor-directors own 51.48 per cent stake in the company, institutional investors own 18.05 per cent, foreign investors 20.08 per cent, and the general public 10.39 per cent as on September 30, 2019, the DSE data shows.