Dhaka, Bangladesh (BBN) - The Board of Directors of Uttara Finance and Investment has recommended 30 per cent cash dividend for the year ended on December 31, 2016, officials said.
The recommendation came at a board meeting held on Thursday in the capital city Dhaka.
The final approval will come during the annual general meeting (AGM) scheduled to be held on May 22, 2017
The record date for entitlement of dividend is on April 12, 2017.
The company has also reported earnings per share (EPS) of BDT 6.62, net asset value (NAV) per share of BDT 45.49 for the year ended on December 31, 2016 as against BDT 4.41 and BDT 41.87 respectively for the same period of the previous year.
There will be no price limit on the trading of the shares of the non-bank financial institution on March 19 (Sunday) following its corporate declaration.
Each share price of the company, which was listed on the Dhaka bourse in 1997, closed at BDT 69.30 on Thursday.
The company also disbursed 30 percent cash dividend for the year ended on December 31, 2015.
The Uttara Finance’s paid-up capital is BDT 1.25 billion and authorised capital is 5.0 billion, while the total number of securities is 125,220,480.
The sponsor-directors own 48.34 percent stake in Uttara Finance, while institutional investors own 30.16 per cent, foreigners 3.91 percent and the general public 17.59 percent as on February 28, 2017, the DSE data shows.
BBN/MS/ANS