Dhaka, Bangladesh (BBN) - The board of directors of Atlas Bangladesh has recommended 10 percent cash dividend and 5.0 percent stock dividend for the year ended on June 30, 2016, said an official disclosure on Monday.
The final approval will come during the annual general meeting scheduled to be held on December 22 at 11am at the Factory premises of the company at Tongi in Gazipur.
The record date for entitlement of dividend is on November 28.
The company has also reported earnings per share (EPS) of BDT (1.25), net asset value (NAV) per share of BDT 177 and net operating cash flow per share (NOCFPS) of BDT (7.36) for the year ended on June 30, 2016 as against BDT 0.36, BDT 179 and BDT 1.07 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 Dhaka bourse in 1988, closed at BDT 110.10 on Sunday.
The company has also disclosed first quarter (Q1) financial reports for July-September 2016.
As per Q1 financial report, EPS was BDT (0.69) for July-September, 2016 as against BDT (0.75) for July-September, 2015; NOCFPS was BDT (0.83) for July-September, 2016 as against BDT (3.52) for July-September, 2015. NAV per share was BDT 176 as of September 30, 2016 and BDT 177 as of June 30, 2016.
The company’s paid-up capital is BDT 260.74 million and authorised capital is BDT 1,000 million while total number of securities is 26,074,072, according to DSE statistics.
The sponsor-directors own 1.22 percent stake in the Atlas Bangladesh, while the government owns 51 percent, institutional investors 21.17 percent and the general public 26.61 percent as of September 29, the DSE data showed.
BBN/AD/SR