Dhaka, Bangladesh (BBN) - MJL Bangladesh Limited has recommended 30 percent cash dividend for the six months for January-June period of 2016, said an official disclosure on Tuesday.
Earlier, the board of directors of the company has recommended 30 percent cash and 10 percent stock dividend for the year ended on December 31, 2016.
So, the total dividend for the 18 months period for January 2015 to June 2016 is 70 per cent.
The final approval will come during the annual general meeting scheduled to be held on December 1, 2016.
The record date for entitlement for the dividend is on November 3.
The company has also reported consolidated earnings per share (EPS) of BDT 3.48, consolidated net asset value (NAV) per share of BDT 35.51 for the six months period that ended on June 30, 2016.
EPS for 18 months period stood at BDT 7.72.
There will be no price limit on the trading of the shares of the company on Thursday) following its corporate declaration.
Each share of the company, which was listed on the Dhaka bourse in 2011, closed at BDT 116.20 on Monday.
The sponsor-directors own 71.53 per cent stake in the MJL BD, while the institutional investors own 12.41 per cent, foreign 2.21 per cent and the general public own 13.85 per cent as on September 29, 2016, the DSE data showed.
The company’s paid-up capital is BDT 2,742.44 million and authorised capital is BDT 10,000 million, while the total number of securities is 274,244,180. The total market cap of the company stood at BDT 31,867.17 million as of Monday.
BBN/SSR/SR