Dhaka, Bangladesh (BBN) – Bangladesh Lamps Limited has recommended 30 percent cash dividend for 18 months of period, said an official disclosure on Tuesday.
The board of directors of the company approved the dividend for the period that started from January 01 in 2016 to June 30 of 2017, the disclosure added.
The final approval of the recommended dividend will come during the annual general meeting scheduled to be held on September 12 at 11:00am at Emmanuelle’s Banquet Hall in Dhaka.
The record date for entitlement of dividend is on August 29.
The company has also reported earnings per share (EPS) of BDT 7.07, net asset value (NAV) per share of BDT 93.71 and net operating cash flow per share (NOCFPS) of BDT (1.39) for the 18 months period from January 01, 2016 to June 30, 2017.
Whereas EPS of BDT 4.20, NAV per share of BDT 93.71 and NOCFPS of BDT (4.68) for the 12 months period from July 01, 2016-June 30, 2017.
The company has further reported EPS of BDT 2.87, NAV per share of BDT 67.52 and NOCFPS of BDT 3.28 for the 6 months period from January-June, 2016.
There will be no price limit on the trading of the shares of the company today following its corporate declaration.
The company disbursed 20 percent cash dividend for the year ended on December 31, 2015.
Each share of the company, which was listed on the Dhaka bourse in 1981, closed at BDT 182.90 on Monday at DSE.
The company’s paid-up capital is BDT 93.70 million and authorised capital is BDT 500 million, while the total number of securities is 9.37 million.
Sponsor-directors own 62.14 percent stake in the company, while institutional investors own 19.48 percent, foreign investors 0.03 percent and the general public 18.35 percent as on June 30, 2017, the DSE data shows.