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The Financial Express
Swasti Lankabangla Swasti Lankabangla

Bata Shoe offers total 335pc cash dividend

| Updated: May 01, 2018 19:18:04


Bata Shoe offers 335pc dividend

The board of directors of Bata Shoe has recommended 105 per cent final cash dividend in addition to 230 per cent interim cash dividend declared earlier and paid in December 2017.

Thus making a total 335 per cent cash dividend for the year ended on December 31, 2017, said an official disclosure on Monday.

The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on June 21 in Gazipur.

The record date for entitlement of dividend is May 23.

The multinational company has also reported earnings per share (EPS) of Tk 82.34, net asset value (NAV) per share of Tk 308.82 and net operating cash flow per share (NOCFPS) of Tk 61.35 for the year ended on December 31, 2017 as against Tk 76.24, Tk 259.98 and Tk 78.69 respectively for the same period of the previous year.

In 2016, the company also disbursed a total of 330 per cent cash dividend.

Each share of the company, which was listed on the Dhaka bourse in 1985, closed at Tk 1,147.80 on Thursday last at the Dhaka Stock Exchange (DSE).

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

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