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ICB recommends 30pc cash dividend and 5pc bonus share for FY17

FE Online Report | Published: November 05, 2017 11:48:55 | Updated: November 06, 2017 11:43:19


The board of directors of Investment Corporation of Bangladesh (ICB) has recommended 30 per cent cash and 5.0 per cent stock dividend for the year ended on June 30, 2017, said an official disclosure on Sunday.

The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on December 23 at 10:30am at Hotel Purbani International in Dhaka.

The record date for entitlement of dividend is November 26 2017. 

The company has also reported consolidated earnings per share (EPS) of Tk 7.29, consolidated net asset value (NAV) per share of Tk 77.86, and consolidated net operating cash flow per share (NOCFPS) of Tk 54.54 for the year ended on June 30, 2017 as against Tk. 5.25, Tk. 59.30, and Tk. 43.38 respectively for the same period of the previous year.

In 2016, the company disbursed 30 per cent cash 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 company, which was listed on the Dhaka bourse in 1977, closed at 183.50 on Thursday last at the Dhaka Stock Exchange (DSE).

The company’s paid-up capital is Tk 6.32 billion and authorised capital is Tk 10 billion, while the total number of securities is 632.81 million.

Sponsor-directors own 69.81 per cent stake in the company, the government owns 27 per cent, institutional investors 1.49 per cent, and the general public 1.70 per cent as on September 30, 2017, the DSE data shows.

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