Dhaka, Bangladesh (BBN) – The board of directors of six more listed companies – ACI, ACI Formulations, Doreen Power, Saihma Cotton, HR Textiles and GPH Ispat – have recommended dividend for the year ended on June 30 in 2017, according to separate official disclosures on Tuesday.

ACI: The board of directors of ACI has recommended final 40 percent cash and 10 percent stock dividend for the year ended on June 30 in 2017.

However, the total 125 percent dividend for the year 2016-2017 including 75 percent interim cash dividend which was already paid.

The board has also decided to further invest BDT 247 million into its subsidiary ACI Foods Limited as additional equity against rights offer for 2,470,000 ordinary shares of BDT 100 each subject to approval from Bangladesh Securities & Exchange Commission (BSEC).

The company will further invest BDT 40 million into its Joint Venture Company, Tetley ACI (Bangladesh) Limited as additional equity against rights offer for 400,000 ordinary shares of BDT 100 each subject to approval from BSEC.

The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on December 18 at 11:00am at Officers Club in Dhaka.

The record date for entitlement of dividend is on November 13 in 2017.

The company has also reported consolidated EPS of BDT 24.31, consolidated NAV per share of BDT 241.29 and consolidated NOCFPS of Tk (66.44) for the year ended on June 30 in 2017.

The company has also reported consolidated earnings per share (EPS) of BDT 24.31, consolidated net asset value per share (NAV) per share of BDT 241.29 and consolidated net operating cash flow per share (NOCFPS) of BDT (66.44) for the year ended on June 30 in 2017.

Each share of the company, which was listed on the Dhaka bourse in 1976, closed at BDT 615 each on Monday at Dhaka Stock Exchange (DSE).

ACI FORMULATIONS: The board of directors of ACI Formulations has recommended 15 percent final cash dividend (Total 35 per cent cash dividend for the year 2016-2017 inclusive of 20 percent interim cash dividend which has already been paid) for the year ended on June 30 in 2017.

The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on December 18 at 9:00am at Officers Club in Dhaka.

The record date for entitlement of dividend is on November 13 in 2017.

The company has also reported consolidated EPS of BDT 5.85, consolidated NAV per share of BDT 54.35 and consolidated NOCFPS of BDT (6.34) for the year ended on June 30 in 2017.

In 2016, the company also disbursed 35 percent cash dividend.

Each share of the company, which was listed on the Dhaka bourse in 2008, closed at BDT 198.40 each on Monday at Dhaka Stock Exchange (DSE).

The company’s paid-up capital is BDT 450 million and authorised capital is BDT 500 million while total number of securities is 45 million.

The sponsor-directors own 66.02 percent stake in the company, institutional investors own 22.61 percent and the general public 11.37 percent as on September 30, 2017, the DSE data shows.

DOREEN POWER: The board of directors of Doreen Power Generations & Systems has recommended 10 percent cash dividend for shareholders excluding the sponsors/directors and 10 percent stock dividend for all shareholders for the year ended on June 30 in 2017.

The sponsors/directors hold 72 million shares out of total 96 million shares of the company and the cash dividend to be payable to the general shareholders is BDT 24 million.

The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on December 11 at 11:00am at Trust Milonayaton in Dhaka.

The record date for entitlement of dividend is on November 15 in 2017.

The company has also reported earnings per share (EPS) of BDT 7.57, net asset value per share (NAV) per share of BDT 35.96 and net operating cash flow per share (NOCFPS) of BDT 11.90 for the year ended on June 30, 2017 as against BDT 0.64, BDT 34.34 and BDT 1.13 respectively for the same period of the previous year.

In 2016, the company disbursed 10 percent cash and 20 percent stock dividend.

Each share of the company, which was listed on the Dhaka bourse in 2016, closed at BDT 129.20 each on Monday at Dhaka Stock Exchange (DSE).

The power sector company’s paid-up capital is BDT 960 million and authorised capital is BDT 2.0 billion while total number of securities is 96 million.

The sponsor-directors own 75 percent stake in the company, institutional investors own 7.86 percent and the general public 17.14 percent as on September 30, 2017, the DSE data shows.

SAIHAM COTTON: The board of directors of Saiham Cotton has recommended 12 percent cash dividend for the year ended on June 30 in 2017.

The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on December 14 at 11:00am at Mill Premises in Madhabpur of Habiganj.

The record date for entitlement of dividend is on November 14 in 2017.

The company has also reported earnings per share (EPS) of BDT 1.06, net asset value per share (NAV) per share of BDT 22.82 and net operating cash flow per share (NOCFPS) of BDT (0.68) for the year ended on June 30, 2017 as against BDT 0.94, BDT 22.67 and BDT 2.24 respectively for the same period of the previous year.

In 2016, the company also disbursed 10 percent cash dividend.

Each share of the company, which was listed on the Dhaka bourse in 2012, closed at BDT 18.90 each on Monday at Dhaka Stock Exchange (DSE).

The textile company’s paid-up capital is BDT 1.48 billion and authorised capital is BDT 2.0 billion while total number of securities is 148.77 million.

The sponsor-directors own 46.43 percent stake in the company, institutional investors own 23.75 percent and the general public 29.82 percent as on September 30 in 2017, the DSE data shows.

HR TEXTILES: The board of directors of HR Textiles has recommended 10 percent cash dividend for the year ended on June 30 in 2017.

The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on January 22 in 2018 at 11:00am at Spectra Convention Centre in Dhaka.

The record date for entitlement of dividend is on November 27, 2017.

The company has also reported earnings per share (EPS) of BDT 1.43, net asset value per share (NAV) per share of BDT 14.66 and net operating cash flow per share (NOCFPS) of BDT 9.45 for the year ended on June 30, 2017 as against BDT 1.83, BDT 14.23 and BDT (1.47) respectively for the same period of the previous year.

In 2016, the company also disbursed 10 percent cash dividend.

Each share of the company, which was listed on the Dhaka bourse in 1997, closed at BDT 31.80 each on Monday at Dhaka Stock Exchange (DSE).

The company’s paid-up capital is BDT 253 million and authorised capital is BDT 1.0 billion while total number of securities is 25.30 million.

The sponsor-directors own 51.04 percent stake in the company, institutional investors own 11.61 percent and the general public 37.35 percent as on September 30, 2017, the DSE data shows.

GPH ISPAT: The board of directors of GPH Ispat has recommended 5.0 percent cash and 5.0 percent stock dividend for the year ended on June 30 in 2017.

Due to unavoidable circumstances, the board has also decided to extend the rights share issue fund utilization time for one year from the existing time schedule subject to general shareholders’ approval in the EGM.

The final approval of dividend will come during the annual general meeting (AGM) and extraordinary general meeting (ENG) scheduled to be held on December 10 at 10:30am and 11:00am respectively at Chittagong Club in Chittagong.

The record date for entitlement of dividend is on November 14 in 2017.

The company has also reported earnings per share (EPS) of BDT 1.83, net asset value per share (NAV) per share of BDT 16.15 and net operating cash flow per share (NOCFPS) of BDT 3.83 for the year ended on June 30, 2017 whereas EPS of BDT 2.65, NAV per share of BDT 15.45 and NOCFPS of BDT 0.02 for the 14 months period from May 01 in 2015 to June 30 in 2016.

In 2016, the company also disbursed 12 percent cash dividend.

Each share of the company, which was listed on the Dhaka bourse in 2012, closed at BDT 38.80 each on Monday at Dhaka Stock Exchange (DSE).

The company’s paid-up capital is BDT 3.11 billion and authorised capital is BDT 10 billion while total number of securities is 311.85 million.

The sponsor-directors own 56.03 percent stake in the company, institutional investors own 12.91 percent and the general public 31.06 percent as on September 30 in 2017, the DSE data shows.

There will be no price limit on the trading of the shares of these companies today following their corporate declarations.

BBN/SS/AD