Dhaka, Bangladesh (BBN) – The board of directors of Bangladesh Finance and Investment Company has recommended 10 percent stock dividend for the year ended on December 31 in 2016.
The final approval of shareholders will come during the annual general meeting (AGM) scheduled to be held on May 24 at 10:30am at BCIC Auditorium in Dhaka, said an official disclosure on Monday.
The record date for entitlement of the dividend is on May 8.
The company has also reported earnings per share (EPS) of BDT 1.32 for the year ended on December 31, 2016 as against BDT 1.54 for the same period a year ago.
The net asset value (NAV) per share of BDT 15.94 for the year ended on December 31, 2016 as against BDT 15.60 for the previous year.
And net operating cash flow per share (NOCFPS) of BDT (6.30) for the year ended on December 31, 2016 as against BDT (7.71) for the same period of the previous year.
The company has informed that the board has approved the revaluation of its Land and Building at 64 Motijheel in Dhaka.
As a result of the revaluation total asset has appreciated by Tk 57,871,210 and net asset value per share has increased by Tk 0.44.
There will be no price limit on the trading of the shares of the company today following its corporate declaration.
Each share of company, which was listed on the Dhaka bourse in 2007, closed at BDT 16.50 on Sunday at DSE.
In 2015, the company also disbursed 10 percent stock dividend.
The company’s paid-up capital is BDT 1.25 billion and authorised capital is BDT 2.0 billion, while the total number of securities is 125.86 million.
Sponsor-directors own 25.17 percent stake in the company, while the institutional investors own 16.66 percent and the general public 58.17 percent as on March 31, 2017, the DSE data shows.
Bangladesh Finance and Investment Company Limited (BD Finance) started its journey in 1999 with the prime objective of developing productive enterprises of the country through the provision of lease financing and subsequently diversified in other allied financial services.
The company obtained permission from Bangladesh Bank to operate as financial institution under the Financial Institutions Act 1993 on December 22 in 1999 and listed in Dhaka Stock Exchange on September 06, 2007 and Chittagong Stock Exchange on August 28, 2007.
The shareholding structure of BD Finance consists of reputed corporate houses, leading industrialists and general public.
Over a decade, BD Finance emerged as a leading financial Institution of the country with a wide range of financial products to offer to its clients.
BD Finance continues to evolve as an innovative financial solution provider & now able to offer financial products tailored to the needs of its customers.
BD Finance looks forward to greater participation for economic development of Bangladesh introducing all financial products under one roof to meet the customer’s economic needs.