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The Financial Express

Wata Chemicals recommends 40pc dividend

FE Online Report | Published: October 30, 2018 11:35:54 | Updated: October 31, 2018 16:25:06


Wata Chemicals recommends 40pc dividend

The board of directors of Wata Chemicals Limited has recommended 10 per cent cash and 30 per cent stock dividend for the year ended on June 30, 2018, according to an official disclosure on Tuesday.

The record is on November 20. Date, time and venue of the annual general meeting will be notified later.

The company has also reported EPS of Tk 5.51, NAV per share of Tk 76.55 and NOCFPS of Tk 5.49 for the year ended on June 30, 2018 as against Tk 3.93 (restated), Tk 73.95 (restated) and Tk 8.71 (restated) respectively for the same period of the previous year.

The company, which was listed on the Dhaka bourse in 1992, disbursed 10 per cent cash and 5.0 per cent stock dividend in 2017.

Each share of the company closed at Tk 321.20 on Monday at DSE.

There will be no price limit today on the trading of shares of the company following its corporate disclosure.

The sponsor-directors own 36.41 per cent stake in the company, while institutional investors own 38 per cent and the general public 25.59 per cent as on September 30, 2016.

The company’s paid-up capital is only Tk 91.22 million and authorised capital is Tk 150 million, while total number of securities is 9.12 million, according to statistics from the DSE.

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