Dhaka, Bangladesh (BBN) - The board of directors of Apex Tannery Limited has recommended 40 percent cash dividend for the year ended on June 30, 2016, said an official disclosure on Wednesday.
The final approval will come during the annual general meeting (AGM) scheduled to be held on October 2 at 10am at Gulshan Shooting Sport Federation in Dhaka.
The record date for entitlement of cash dividend is on September 8, 2016.
The company has also reported earnings per share (EPS) without fair valuation surplus of BDT 5.97, net asset value (NAV) per share of BDT 74.72 and net operating cash flow per share (NOCFPS) of BDT 3.08 for the year ended on June 30, 2016 as against BDT 6.25, BDT 73.47 and BDT 6.05 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.
On Tuesday, each share of the company closed at BDT 153.70.
The sponsor-directors own 52 percent stake in Apex Tannery, while the general public own 48 percent as on June 30, 2016, the DSE data showed.
The board of directors of the company disbursed 45 percent cash dividend for the year ended on June 30, 2015.
BBN/AD/SR