Shepherd Industries recommends 10pc stock dividend

FE Online Report | Published: October 11, 2017 13:46:10 | Updated: October 24, 2017 06:02:44


The board of directors of Shepherd Industries Limited has recommended 10 per cent stock dividend for the year ended on June 30, 2017, said an official disclosure on Wednesday.

The final approval of dividend will come during the Annual General Meeting (AGM) scheduled to be held on November 21 at 10:30am am in Dhaka.

The record date for entitlement of dividend is on October 31, 2017.

The company has also reported earnings per share (EPS) of Tk 1.14, net asset value per share (NAV) per share of Tk 18.34 and net operating cash flow per share (NOCFPS) of Tk (6.0) for the year ended on June 30, 2017 as against Tk. 1.76, Tk. 18.70 and Tk. 6.69 respectively for the same period of the previous year.

There will be no price limit on the trading of the shares of the company today (Wednesday) following its corporate declaration.

Each share of the company, which made its share trading debut in March this year, closed at Tk 36.80 on Tuesday at Dhaka Stock Exchange (DSE).

The company’s paid-up capital is Tk 1.24 billion and authorised capital is Tk 1.90 million while total number of securities is 124.20 million.

The sponsor-directors own 51.48 per cent stake in the company, institutional investors own 3.15 per cent, foreign 25.90 per cent and the general public own 19.47 per cent as on September 30, 2017, the DSE data shows.

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