The Financial Express
Swasti Lankabangla Swasti Lankabangla

BD Finance recommends 10pc stock dividend

| Updated: April 20, 2018 12:26:52

BD Finance recommends 10pc dividend

The board of directors of Bangladesh Finance and Investment Company Limited (BD Finance) has recommended 10 per cent stock dividend for the year ended on December 31, 2017.

The final approval of the dividend will come during the Annual General Meeting (AGM) scheduled to be held at 11:00 am on June 7 in the capital city, said an official disclosure on Thursday.

The record date for entitlement of dividend is May 17.

The financial institution has also reported consolidated earnings per share (EPS) of Tk 2.01, consolidated net asset value (NAV) per share of Tk 16.41, and consolidated net operating cash flow per share (NOCFPS) of 5.69 for the year ended on December 31, 2017 as against Tk 1.20 (restated), Tk 15.94 and Tk 6.03 respectively for the same period of the previous year.

In 2016, the bank disbursed 10 per cent cash dividend.

Each share of the financial institution, which was listed on the Dhaka bourse in 2007 closed at Tk 19.00 on Wednesday at the Dhaka Stock Exchange (DSE).

The financial institution’s paid-up capital is Tk 1.38 billion and authorised capital is Tk 2 billion while the total number of securities is 138.45 million.

The sponsor-directors own 25.25 per cent stake of the institution, while institutional investors 15.48 per cent, and the general public 59.27 per cent as on February 28, 2018, the DSE data shows.

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