Four listed cos recommend dividends

Four more listed companies—BSRM Steels, Bangladesh Steel Re-rolling Mills, Legacy Footwear and The INB Sina—have recommended a total of 100pc dividends for the year ended on June 30, 2018.

According to separate official disclosure on Wednesday, the four companies recommended 55 per cent cash dividends and 45 per cent stock dividends.

BSRM Steels: The board of directors of BSRM Steels Limited has recommended 10 percent cash and 10 percent stock dividend for the year ended on June 30, 2018.

The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on December 12 in Chattogram.

The record date is on October 21, 2018.

The country’s leading steel maker also reported earnings per share (EPS) of BDT 5.27, net asset value (NAV) per share of BDT 37.48 and net operating cash flow per share (NOCFPS) of BDT 2.90 for the year ended on June 30, 2018 as against BDT 4.98, BDT 34.03 and BDT 1.07 respectively for the same period of the previous year.

In 2017, the company disbursed 35 percent cash dividend.

Each share of the company, which was listed on the Dhaka Stock Exchange (DSE) in 2009, closed at BDT 68.20 on Tuesday.

The company’s paid-up capital is BDT 3.41 billion and authorised capital is BDT 5.0 billion, while the total number of securities is 341.77 million.

The sponsor-directors own 70.57 percent stake in the company, institutional investors 18.10 percent, foreign 0.28 percent and the general public 11.05 percent as on August 31, 2018, the DSE data shows.

BSRM: The board of directors of Bangladesh Steel Re-rolling Mills (BSRM) has recommended 10 percent cash and 10 percent stock dividend for the year ended on June 30, 2018.

The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on December 03 in Chattogram.

The record date is on October 21, 2018.

The company has also reported consolidated earnings per share (EPS) of BDT 12.95, consolidated net asset value (NAV) per share of BDT 63.70 and consolidated net operating cash flow per share (NOCFPS) of minus BDT 37.39 for the year ended on June 30, 2018 as against BDT 3.53, BDT 55.75 and minus BDT 32.48 respectively for the same period of the previous year.

In 2017, the company also disbursed 10 percent cash and 10 percent stock dividend.

Each share of the company, which was listed on the Dhaka Stock Exchange (DSE) in 2015, closed at BDT Tk 99 on Tuesday.

The company’s paid-up capital is BDT 2.14 billion and authorised capital is BDT 5.0 billion, while the total number of securities is 214.60 million.

The sponsor-directors own 40.94 percent stake in the company, institutional investors 17.03 percent, foreign 20.60 percent and the general public 21.43 percent as on August 31, 2018, the DSE data shows.

Legacy Footwear: The board of directors of Legacy Footwear Ltd has recommended 5.0 percent cash and 15 percent stock dividend for the year ended on June 30, 2018.

The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on November 17 at Factory Premises in Gazipur.

The record date is on October 17, 2018.

The company has also reported earnings per share (EPS) of BDT 2.01, net asset value (NAV) per share of BDT 18.98 and net operating cash flow per share (NOCFPS) of BDT 2.39 for the year ended on June 30, 2018 as against BDT 1.11, BDT 18.51 and BDT 4.11 respectively for the same period of the previous year.

The company’s share trading suspended since August 19 as per order of Bangladesh Securities and Exchange Commission (BSEC) due to ‘abnormal’ price hike of its shares.

As the trading of the shares is suspended as per order of BSEC, price limit open is not applicable today following its corporate declaration.

In 2017, the company disbursed 10 percent stock dividend.

The last trading day’s closing price of the company’s share was BDT 262.80 each.

In the last one year, its share price traded between BDT 41.10 and BDT 280 each.

The company was listed on the Dhaka Stock Exchange (DSE) in 2000.

The company’s paid-up capital is BDT 113.74 million and authorised capital is BDT 750 million, while the total number of securities is 11.37 million.

The sponsor-directors own 30 percent stake in the company, institutional investors 5.44 percent, foreign 6.12 percent and the general public 58.44 percent as on August 31, 2018, the DSE data shows.

The IBN Sina: The board of directors of The IBN Sina Ltd has recommended 30 percent cash and 10 percent stock dividend for the year ended on June 30, 2018.

The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on November 22 in Dhaka.

The record date is on October 22, 2018.

The company has also reported earnings per share (EPS) of BDT 15.92, net asset value (NAV) per share of BDT 43.21 and net operating cash flow per share (NOCFPS) of BDT 6.76 for the year ended on June 30, 2018 as against BDT 8.23 (restated), BDT 38.90 (restated) and BDT 4.38 (restated) respectively for the same period of the previous year.

The pharmaceuticals company disbursed 25 percent cash and 10 percent stock dividend for the year ended on June 30, 2017.

Each share of the company, which was listed on the Dhaka Stock Exchange (DSE) in 1989, closed at BDT 312 on Tuesday, registering an increase of 3.10 percent over the previous day.

The company’s paid-up capital is BDT 284 million and authorised capital is BDT 500 million, while the total number of securities is 28.40 million.

The sponsor-directors own 44.47 percent stake in the company, institutional investors 15.16 percent and the general public 40.37 percent as on August 31, 2018, the DSE data shows.

There will be no price limit on the trading of the shares of the BSRM Steels, BSRM and The INB Sina today following their corporate declarations.