Dhaka, Bangladesh (BBN) - The board of directors of Delta Brac Housing Finance Corporation (DBH) has recommended 30 percent cash and 5.0 percent stock dividend for the year ended on June 30, 2016, said an official disclosure.
The final approval will come during the annual general meeting (AGM) scheduled to be held on November 24 at 11am at Six Seasons Hotel at Gulshan in Dhaka.
The company has also reported earnings per share (EPS) of BDT 6.77, net asset value (NAV) per share of BDT 31.10 and net operating cash flow per share (NOCFPS) of BDT 7.88 for the year ended on June 30, 2016 as against BDT 5.90, BDT 27.32 and BDT (1.27) 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.
Each share of the company closed at BDT 112.80 on Thursday last.
The board has decided to follow the uniform income year as prescribed by Section 9 of the Finance Act-2015, DBH will finalize its next accounts for a short period from July 1, 2016 to December 31, 2016 which will be audited and duly approved by the shareholders through an AGM to be held on or before June 30, 2017.
Thus, the new income year will be started from January 1, 2017 and continue thereafter from January to December period.
The company disbursed 25 percent cash dividend last year.
DBH was listed on the Dhaka bourse in 2008. The company belongs to the “A” category.
The sponsor-directors own 51.32 percent stake in the DBH, while institutional investors own 7.44 percent, foreign investors 31.19 percent and the general public 10.05 percent as on July 31, 2016.
The company’s paid-up capital is BDT 1,160 million and authorised capital is BDT 2,000 million, while total number of securities is 116,049,375, according to statistics from the DSE.
BBN/AD/SR