Dhaka, Bangladesh (BBN) - The board of directors of Gemeni Sea Food has recommended 20 percent cash and 50 percent stock dividend for the year ended on June 30, 2016, said a an official disclosure on Wednesday.
The final approval will come during the annual general meeting (AGM) scheduled to be held on September 21 at 11:30am at Celebrity Convention Centre, Dhanmondi in Dhaka.
The record date for entitlement of dividends is on September 7, 2016.
The company has also reported earnings per share (EPS) of BDT 20.71 (audited), net asset value (NAV) per share of BDT 21.45 (audited) and net operating cash flow per share (NOCFPS) of BDT 43.80 (audited) for the year ended on June 30, 2016 as against BDT 8.83 (un-audited), BDT 3.77 (un-audited) and BDT (104.25) (un-audited) respectively for the period ended on June 30, 2015.
The company has further informed that due to an adjustment of deferred tax calculation from the last year, the EPS and NAV have been changed in compliance with BAS-8.
There will be no price limit on the trading of the shares of the company today following its corporate declaration.
Each share of Gemeni Sea Food closed at BDT 1,456.90 on Tuesday.
The company was listed on the Bangladesh’s stock exchanges in 1985.
The sponsor-directors own 78.54 percent stake in Gemeni Sea Food, while the intuitional investors 5.31 percent and the general public own 16.15 percent as on June 30, 2016.
The company disbursed 15 percent cash dividend for the year ended on June 30, 2015.
BBN/AD/SR