Dhaka, Bangladesh (BBN) – The board of directors of Bangladesh Thai Aluminum has recommended 5.0 percent cash dividend and 10 percent stock dividend for the 18 months period from 1st January, 2015 to 30th June, 2016, said an official disclosure on Wednesday.
The final approval will come during the annual general meeting (AGM) scheduled to be held on September 20 at 10am at Trust Milonayoton in Dhaka.
The record date for entitlement for dividend is on August 31, 2016.
The company has also reported earnings per share (EPS) of BDT 3.20, net operating cash flow per share (NOCFPS) of BDT 1.25 and net asset value (NAV) per share of BDT 50.24 for the 18 months period from 1st January 2015 to 30th June 2016 as against BDT 2.43, BDT 7.43 and BDT 47.94 respectively for the 18 months period from 1st January 2014 to 30th June 2015.
There will be no price limit on the trading of the shares of the company today following its corporate declaration.
On the Dhaka Stock Exchange (DSE) on Tuesday, each share of the company was traded at between BDT 24.40 and BDT 26, before closing at BDT 25.40, losing 1.57 percent.
Bangladesh Thai Aluminium, popularly known as BD Thai, was listed on the Bangladesh’s stock exchanges in 1990.
The company’s paid-up capital is BDT 523.35 million and authorised capital is BDT 2,000 million, while the total number of securities is 52,335,028, the DSE data showed.
BBN/AD/SR