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The board of directors of Singer Bangladesh Limited has recommended 100 per cent cash dividend for the year ended on December 31, 2017.
The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on May 15 at 10:00am at Spectra Convention Centre in Dhaka, said an official disclosure on Sunday.
The record date for entitlement of dividend is April 9.
The company has also reported consolidated earnings per share (EPS) of Tk. 9.79, consolidated net asset value (NAV) per share of Tk. 28.17, and consolidated net operating cash flow per share (NOCFPS) of Tk. 5.17 for the year ended on December 31, 2017 as against Tk. 7.12, Tk. 25.39, and Tk. -7.69 (restated) respectively for the same period of the previous year.
In 2016, the company disbursed 70 per cent cash dividend.
There will be no price limit on the trading of the shares of the company today (Sunday) following its corporate declaration.
Each share of the company, which was listed on the Dhaka bourse in 1983, closed at Tk 182.50 on Thursday last at the Dhaka Stock Exchange (DSE).
The company’s paid-up capital is Tk 766.94 million and authorised capital is Tk 1.0 billion while the total number of securities is 76.69 million.
The sponsor-directors own 57 per cent stake in the company, while institutional investors own 12.43 per cent, foreign 11.19 per cent, and general public 19.38 per cent as on January 31, 2 108, the DSE data shows.