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The board of directors of Shasha Denims Limited has recommended 5.0 per cent cash and 5.0 per cent stock dividend for the year ended on June 30, 2019, said an official disclosure on Tuesday.
The final approval of dividend will come during the Annual General Meeting (AGM) scheduled to be held on December 19, 2019 in Dhaka.
The record date is November 21, 2019.
The company has also reported consolidated EPS of Tk 3.05, Consolidated NAV per share of Tk 46.47 and Consolidated NOCFPS of Tk 4.52 for the year ended on June 30, 2019 as against Tk 4.33 (restated), Tk 46.44 (restated) and Tk 2.07 (restated) respectively for the same period of the previous year.
In 2018, the company disbursed 15 per cent cash and 7.0 per cent stock dividend.
There will be no price limit on the trading of the shares of the company today following its corporate declaration.
Each share of the company, which was listed on the Dhaka bourse in 2015, closed at Tk 29.10 each on Monday at Dhaka Stock Exchange (DSE).
The company’s paid-up capital is Tk 1.27 billion and authorised capital is Tk 2.25 billion while total number of securities is 127.92 million.
The sponsor-directors own 37.57 cent stake in the company, the institutional investors own 18.74 per cent, foreign 1.13 per cent and the general public 42.56 per cent as on September 30, 2019, the DSE data shows.