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The board of directors of Singer Bangladesh Ltd has recommended 30 per cent stock dividend for the year ended on December 31, 2018.
The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on April 23 at 10:30am at Singer Factory premises in Savar, said an official disclosure on Friday.
The record date for entitlement of dividend is March 24.
The company has also reported consolidated earnings per share (EPS) of Tk 11.96, consolidated net asset value (NAV) per share of Tk 30.13, and consolidated net operating cash flow per share (NOCFPS) negative Tk 6.06 for the year ended on December 31, 2018 as against Tk 9.79, Tk 28.17 and Tk 3.12 respectively for the same period of the previous year.
In 2017, the company disbursed 100 per cent cash dividend.
There will be no price limit on the trading of the shares of the company on March 03 (Sunday) following its corporate declaration.
Each share of the company, which was listed on the Dhaka bourse in 1983, closed at Tk 240 on Wednesday, the last trading session of the week at the Dhaka Stock Exchange (DSE).
Its shares traded between Tk 164.90 and Tk 254.60 in the last one year at the prime bourse.
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 15.05 per cent, foreign 7.34 per cent, and general public 20.61 per cent as on January 31, 2019, the DSE data shows.