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The board of directors of Uttara Finance and Investments Ltd has recommended 15 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2019.
The final approval will come during the annual general meeting (AGM) scheduled to be held on September 30 at 11:00am through digital platform.
The record date is September 15.
The company has also reported consolidated EPS of Tk. 9.45, consolidated NAV per share of Tk. 62.45 and Consolidated NOCFPS of Tk. 2.73 for the year ended on December 31, 2019 as against Tk. 8.27, Tk. 55.00 and Tk. (20.90) 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 following its corporate declaration, however, as per the BSEC Order dated March 19, 2020, the floor price shall be applicable accordingly.
Each share of the company, which was listed on the Dhaka bourse in 1997, closed at Tk 52.80 on Sunday.
The company’s paid-up capital is Tk 1.25 billion and authorised capital is Tk 5.0 billion while the total number of securities is 125.22 million.
The sponsor-directors own 48.34 per cent stake in the company, while the institutional investors own 34.88 per cent, foreign investors 3.91 per cent and the general public 12.87 per cent as on July 31, 2020, the DSE data shows.