Dhaka, Bangladesh (BBN) - The board of directors of National Feed Mill has recommended 15 percent stock dividend for the 18 months period ended on June 30, 2016, said an official disclosure on Sunday.
The final approval will come during the annual general meeting (AGM) scheduled to be held on November 10 at 11am at Factory Premises in Gazipur.
The record date for entitlement of dividend is on October 24.
The company has also reported earnings per share (EPS) was BDT 1.79 for January 2015 to June 2016 and adjusted EPS of BDT 1.68 for July 2013 to December 2014.
Net asset value (NAV) per share was BDT 14.71 as of June 30, 2016 and BDT 14.41 as of December 31, 2014. Net operating cash flow per share (NOCFPS) was BDT 0.12 for January 2015 to June 2016 and BDT 2.03 for July 2013 to December 2014.
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, which was listed on the stock exchanges in 2015, closed at BDT 20.90 on Thursday.
The board of directors of the company disbursed 10 percent stock dividend for the year ended on December 31, 2014.
The company’s paid-up capital is BDT 638 million and authorised capital is BDT 2,000 million while the total number of securities is 63,800,000, the DSE data showed.
The sponsor-directors own 51.72 percent stake in the National Feed, while the institutional investors 20.34 percent and the general public 27.94 percent as on December 31, 2014, the DSE data showed.
BBN/AD/SR