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Bata Shoe recommends 240pc interim cash dividend

FE Online Report | Published: November 20, 2018 11:14:11 | Updated: December 03, 2018 12:16:38


The board of directors of Bata Shoe Ltd has recommended 240 per cent interim cash dividend, said an official disclosure on Tuesday.

The multinational company declared the interim dividend considering the performance of the company up to 3rd quarter 2018 results and the retained earnings up to December 31, 2017.

The record date for entitlement of dividend is December 11.

The company has also reported earnings per share (EPS) of Tk 61.51, net asset value (NAV) per share of Tk 359.84 and net operating cash flow per share (NOCFPS) of Tk 10.81 in the negative for period ended on September 30, 2018 as against Tk 56.71, Tk. 306.19 and Tk. 8.90 respectively for the same period of the previous year.

Each share of the company, which was listed on the DSE in 1985, closed at Tk 1083 on Monday.

In 2017, the company disbursed a total of 335 per cent cash dividend.

The company’s paid-up capital is Tk 136.80 million and authorised capital is Tk 200 million, while the number of securities is 13.68 million.

The sponsor-directors own 70 per cent stake in the company, while institutional investors own 19.79 per cent, foreign investors 1.69 per cent and the general public 8.52 per cent as on October 31, 2018.

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