5 years ago

Simtex Industries recommends 10pc stock, 2pc cash dividends

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The board of directors of Simtex Industries Limited has recommended 2.0 per cent cash and 10 per cent stock dividend for the year ended on June 30, 2017, said an official disclosure on Monday.

The final approval of dividend will come during the Annual General Meeting (AGM) scheduled to be held on November 30 at 11:00 am, at Trust Millonayaton in Dhaka.

The record date for entitlement of dividend is on November 05, 2017, said the disclosure.

The company has also reported earnings per share (EPS) of Tk 2.52, net asset value per share (NAV) per share of Tk 23.73 and net operating cash flow per share (NOCFPS) of Tk 3.01 for the year ended on June 30, 2017 as against Tk 2.15, Tk 23.29 and Tk 1.08 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 (Monday) following its corporate declaration.

Each share of the company, which was listed on the Dhaka bourse in 2015, closed at Tk 29 on Sunday at Dhaka Stock Exchange (DSE).

The company’s paid-up capital is Tk 599.25 million and authorised capital is Tk 1.0 billion while total number of securities is 59.92 million.

The sponsor-directors own 34.28 per cent stake in the company, institutional investors own 6.97 per cent and the general public own 58.75 per cent as on September 30, 2017, the DSE data shows.

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