Dhaka, Bangladesh (BBN) - The board of directors of National Tubes has recommended 10 percent stock dividend for the year ended on June 30, 2016, said an official disclosure on Thursday.
The final approval will come during the annual general meeting scheduled to be held on December 17 at 11am at Factory premises, Tongi in Gazipur. The record date is on November 22.
The company has also reported earnings per share (EPS) of BDT 0.03, net asset value (NAV) per share of BDT 239.63 and net porting cash flow per share (NOCFPS) of BDT 2.26 for the year ended on June 30, 2016 as against BDT 2.26, BDT 287.54 and BDT (9.11) respectively for the year ended on June 30, 2015.
There will be no price limit on the trading of the shares of the Company today following its corporate declaration.
Each share of the state-owned company, which was listed on the stock exchanges in 1989, closed at BDT 99.50 on Wednesday.
The company’s paid-up capital is BDT 237.83 million and authorised capital is BDT 1,000 million while the total number of securities is 23,783,760. The total market cap of the company stood at BDT 2,366.48 million.
The sponsor-directors own 0.69 percent stake in the National Tubes, while the government owns 51 percent, institutional investors 9.92 percent and the general public 38.39 percent as on September 29, 2016, the DSE data showed.
BBN/AD/SR