The Financial Express

Summit Power recommends 30pc cash dividend

| Updated: October 22, 2017 08:06:52

Summit Power recommends 30pc cash dividend

The Board of Directors of Summit Power recommended 30 per cent cash dividend for the 18-month period ended on June 30, 2017.


The final approval of the recommendation will come during the Annual General Meeting (AGM) of the company scheduled to be held at 11:00am on October 26 at Krisibid Institute Complex in the city, according to a statement.


The record date for entitlement of dividend is September 27.


The power generation company has also reported earnings per share (EPS) of Tk 5.75, net asset value (NAV) per share of Tk 29.02 and net operating cash flow per share (NOCFPS) of Tk 4.85 for the 18- month period.


Each share of the company, which was listed on the Dhaka bourse in 2005, closed at Tk 41.90 on Thursday at DSE.


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