Dhaka, Bangladesh (BBN) – The board of directors of International Leasing and Financial Services Limited has recommended 5.0 percent stock dividend for the year ended on December 31 in 2016, said an official disclosure on Thursday.
The final approval of shareholders will come during the annual general meeting (AGM) scheduled to be held on June 15 at 11:00am in Dhaka.
The record is on May16.
The company has also reported earnings per share (EPS) of BDT 0.70 for the year ended on December 31 in 2016 as against BDT 0.69 for the previous year.
The net asset value (NAV) per share of BDT 12.92 for the year ended on December 31, 2016 as against BDT 12.22 for the previous year.
And net operating cash flow per share (NOCFPS) of BDT (6.93) for the year ended on December 31, 2016 as against BDT (6.58) 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.
Each share of company, which was listed on the Dhaka bourse in 2007, closed at BDT 12.80 on Sunday at DSE.
In 2015, the company also disbursed 5.0 percent stock dividend.
The company’s paid-up capital is BDT 1.79 billion and authorised capital is BDT 2.0 billion, while the total number of securities is 179.63 million.
Sponsor-directors own 44.65 percent stake in the company, while the institutional investors own 28.88 percent, foreign investors 0.47 percent and the general public 26 percent as on March 31, 2017, the DSE data shows.
International Leasing and Financial Services Limited (ILFSL), a public limited company and an innovative customer driven Financial Institution guided under the Financial Institution Act 1993 started its business in 1996.
Starting from single product lease financing services, the company is now established a diversified product oriented lease and loan finance institute with high repute in its feather.
ILFSL’s product consists of corporate and structured finance solutions, project finance, term finance, real estate finance, SME finance, work order finance and personal finance including home loan, car loan, personal loan etc.
It has also various attractive deposit scheme including double money scheme, triple money scheme, term deposit, monthly income scheme etc.
ILFSL is the first generation licensee of Primary Dealership (PD) from Bangladesh Bank to buy and sell government treasury bills and bonds in the secondary market.
Its subsidiary International Leasing Securitas Limited (ILSL) provides full fledged stock brokerage services including full service depository participant (DP) of CDBL and margin loan for share trading.
Another subsidiary IL Capital Limited provides merchant banking services including issue management, underwriting, capital raising, merger & acquisition etc. Over the years, though proactive marketing and services, the company has been able to establish itself as a leading financial institution of the country.