Published :
Updated :
For all latest news, follow The Financial Express Google News channel.
The board of directors of Islamic Finance and Investment Limited has recommended 10 per cent cash and 4.50 per cent stock dividend for the year ended on December 31, 2018.
The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on May 05 at 11:00am in Dhaka, said an official disclosure on Thursday.
The record date for entitlement of dividends is April 11.
The non-bank financial institution has also reported earnings per share (EPS) of Tk 1.82, net asset value (NAV) per share of Tk 14.65 and net operating cash flow per share (NOCFPS) of Tk 4.45 for the year ended on December 31, 2018 as against Tk 1.81, Tk 14.29 and Tk 16.54 respectively for the same period of the previous year.
The Islamic Finance, which was listed on the Dhaka bourse in 2005, disbursed 14.50 cash dividend for the year ended on December 31, 2017.
Each share of the company closed at Tk 18.60 on Wednesday at the Dhaka Stock Exchange (DSE).
In the last one year, its share traded between Tk 14.70 and Tk 24 each.
The company’s paid-up capital is Tk 1.34 billion and authorised capital is Tk 2.50 billion, while the total number of securities is 134.28 million.
The sponsor-directors own 36.59 per cent stake in the company, while the institutional investors own 33.09 per cent and the general public 30.32 per cent as on February 28, 2019, the DSE data shows.