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Golden Harvest recommends 10pc dividend

FE Online Report | Published: November 05, 2017 11:15:01 | Updated: November 06, 2017 11:24:29


Company logo used for representation.

The board of directors of Golden Harvest Agro Industries has recommended 10 per cent stock dividend for the year ended on June 30, 2017, said an official disclosure Sunday.

The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on December 21 at 11:30am at its Factory Premises in Gazipur.

The record date for entitlement of dividend is November 23 2017. 

The company has also reported consolidated earnings per share (EPS) of Tk 1.89, consolidated net asset value (NAV) per share of Tk 22.20, and net operating cash flow per share (NOCFPS) of Tk 3.47 for the year ended on June 30, 2017 as against TK. 1.80, Tk. 20.29, and Tk. 4.48 respectively for the same period of the previous year.

In 2016, the company also disbursed 10 per cent stock dividend.

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

Each share of the company, which was listed on the Dhaka bourse in 2013, closed at 38.90 on Thursday last at the Dhaka Stock Exchange (DSE).

The company’s paid-up capital is Tk 990.09 million and authorised capital is Tk 1.0 billion, while the total number of securities is 99.09 million.

Sponsor-directors own 35.02 per cent stake in the company, while institutional investors own 38.88 per cent, foreign 0.57 per cent, and the general public 25.52 per cent as of September 30, 2017, the DSE data shows.

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