Published :
Updated :
For all latest news, follow The Financial Express Google News channel.
The board of Directors of LankaBangla Finance has recommended 7.50 per cent cash dividend and 7.50 per cent stock dividend for the year ended on December 31, 2017, said an official disclosure on Wednesday.
The final approval will come during the annual general meeting (AGM) scheduled to be held on March 29 at 10:00am in Dhaka.
The record date for entitlement of dividend is March 8.
The company has also reported consolidated earnings per share (EPS) of Tk 5.97, consolidated net asset value (NAV) per share of Tk 26.16 and consolidated net operating cash flow per share (NOCFPS) of Tk (4.99) for the year ended on December 31, 2017 as against Tk 2.50 (restated), Tk 21.01 (restated), and Tk 7.84 (restated) respectively for the same period of the previous year.
There will be no price limit on the trading of the company’s share trading today (Wednesday) following its corporate declaration.
In 2016, the company disbursed 15 per cent cash and 15 per cent stock dividend.
Each share of the company, which was listed on the Dhaka bourse in 2006, closed at Tk 40.10 on Tuesday at Dhaka Stock Exchange (DSE).
The company’s paid-up capital is Tk 4.77 billion and authorised capital is Tk 10 billion, while the total number of securities is 477.37 million.
The sponsor-directors own 33.56 per cent stake in company, while institutional investors own 23.95 per cent, foreign 4.23 per cent and the general public 38.26 per cent as on January 31, 2018, the DSE data shows.