Dhaka, Bangladesh (BBN)-The Uttara Finance Ltd has recommended 30 per cent cash dividend, said an official disclosure on Wednesday.
The board of directors of Uttara Finance proposed the dividend for the year ended on December 31, 2015.
The final approval will come during the annual general meeting scheduled to be held on May 30 at 10:30am at the Spectra Convention Centre Gulsha-1 in Dhaka.
The record date is on April 21.
The non-bank financial institution has also reported net profit after tax of BDT 551.69 million, earnings per share (EPS) of BDT 4.41, net asset value (NAV) per share of BDT 41.87 and net operating cash flow per share (NOCFPS) of BDT (3.95) for the year ended on December 31, 2015 as against BDT 176.51 million, BDT 1.41 (restated), BDT 43.21 and BDT 18.93 respectively for the year ended on December 31, 2014.
There will be no price limit on the trading of the shares of the company today following its corporate declaration.
Tuesday’s closing price of each Uttara Finance share was BDT 57.
BBN/SK/AD