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The Financial Express

Singer BD declares 77pc cash dividend

FE ONLINE REPORT | Published: February 09, 2020 11:50:43 | Updated: February 10, 2020 11:51:19


File photo (Collected) File photo (Collected)

The board of directors of Singer Bangladesh Limited has recommended 77 per cent cash dividend for the year ended on December 31, 2019.

The board has also decided to increase authorized capital from Tk 1.0 billion to Tk 2.50 billion, said an official disclosure on Sunday.

The annual general meeting will be held on May 13 at 10:00am at Spectra Convention Center in Dhaka. The record date is March 9.

The company has also reported consolidated earnings per share (EPS) of Tk 10.35, consolidated net asset value (NAV) per share of Tk 32.02 and consolidated net operating cash flow per share (NOCFPS) of Tk 13.59 for the year ended on December 31, 2019 as against Tk 9.20, Tk. 23.18 and negative Tk 4.66 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 following its corporate declaration.

Each share of the company, which was listed on the Dhaka bourse in 1983, closed at Tk 170 each on Thursday last.

The company’s share traded between Tk 156.40 and Tk 279.90 in the last one year.

The company disbursed 30 per cent stock dividend for the year ended on December 31, 2018.

The company’s paid-up capital is Tk 997.03 million and authorised capital Tk 1.0 billion while total number of securities is 99.70 billion.

The sponsor-directors own 57 per cent stake in the company, while institutional investors own 19.27 per cent, foreign investors 5.36 per cent and the general public 18.37 per cent as of December 31, 2019, the DSE data showed.

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