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The Financial Express

Khulna Power recommends 40pc dividend

FE Online Report | Published: October 31, 2018 11:25:56 | Updated: November 01, 2018 10:41:33


Khulna Power recommends 40pc dividend

The board of directors of Khulna Power Company has recommended 30 per cent cash and 10 per cent stock dividend for the year ended on June 30, 2018, according to an official disclosure on Wednesday.

The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on December 09 in Dhaka.

The record date is November 22.

The Company has also reported EPS of Tk 6.18, NAV per share of Tk 26.87 and NOCFPS of Tk 2.09 for the year ended on June 30, 2018 as against Tk 5.07, Tk 26.20 and Tk 4.78 respectively for the same period of the previous year.

The company, which was listed on the Dhaka bourse in 2010, also disbursed 55 per cent cash dividend in 2017.

Each share of the company closed at Tk 122.20 on Tuesday at Dhaka bourse.

There will be no price limit today on the trading of shares of the company following its corporate disclosure.

The sponsor-directors own 70.59 per cent stake in the company, while institutional investors own 10.70 per cent, foreign 0.78 per cent and the general public 17.93 per cent as on August 31, 2018.

The company’s paid-up capital is Tk 3.61 billion and authorised capital is Tk 7.0 billion, while total number of securities is 361.28 million, according to statistics from the DSE.

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