Dhaka, Bangladesh (BBN)-The Advanced Chemicals Industries (ACI) Limited has recommended 115 per cent cash and 10 per cent stock dividend, said an official disclosure on Thursday.
The board of directors of ACI proposed the dividend for the year ended on December 31, 2015.
The final approval will come during the annual general meeting scheduled to be held on June 9 at 11:00am at Officers Club in Dhaka.
The record date is on May 19.
The Company has also reported consolidated earnings per share (EPS) of BDT 72.33, consolidated net operating cash flow per share (NAV) per share of BDT 245.30 and consolidated net operating cash flow per share (NOCFPS) of BDT (35.80) for the year ended on December 31, 2015 as against BDT 14.49, BDT 120.30 and BDT 1.23 respectively for the year ended on December 31, 2014.
The company has further informed that they will change their Income/Accounting Year of the Company from Calendar Year to Fiscal Year as per Finance Act-2015 and NBR Guidelines with effect from 1st July 2016 to 30th June 2017.
There will be no price limit on the trading of the shares of the company today following its corporate declaration.
BBN/SK/AD