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The board of directors of LankaBangla Finance has recommended 15 per cent cash dividend for the year ended on December 31, 2018, said an official disclosure on Wednesday.
The final approval of dividend will come during the annual general meetings scheduled to be held on March 27 at 10:00am in Dhaka.
The record date is March 07.
The company has also reported consolidated earnings per share (EPS) of Tk 0.85, consolidated net asset value (NAV) per share of Tk 19.14, and consolidated net operating cash flow per share (NOCFPS) of Tk 3.30 for the year ended on December 31, 2018 as against Tk 4.15 (restated), Tk. 18.19 (restated), and Tk (3.38) (restated) respectively for the same period of the previous year.
The company has also informed that the board of directors of LankaBangla Securities has recommended 5.0 per cent cash dividend for the year ended on December 31, 2018.
It is to mention that LankaBangla Securities is a 90.91 per cent held subsidiary company of LankaBangla Finance.
The LankaBangla Finance, which was listed on the DSE in 2006, disbursed 7.50 per cent cash and 7.50 per cent stock dividend for the year ended on December 31, 2017.
The company’s paid-up capital is Tk 5.13 billion, authorised capital is Tk 10 billion, and the total number of securities is 513.17 million.
The sponsor-directors own 33.56 per cent stake in the company, while institutional investors own 21.43 per cent, foreign investors 3.47 per cent, and the general public 41.54 per cent as of January 31, 2109.