Dhaka, Bangladesh (BBN) – Bangladesh’s Apex Footwear Limited recommended 50 percent cash dividend for the 18 months period that ended on June 30 in 2017, said an official disclosure on Monday.
The board of directors of the footwear company will gave the final approval of the dividend during the annual general meeting (AGM) scheduled to be held on November 12 at Bangladesh Shooting Sports Federation, Shooting Complex in Gulshan of Dhaka.
The record date for entitlement of dividend is on October 16 in 2017.
The company has also reported earnings per share (EPS) BDT (1.07) and net asset value per share (NAV) per share of BDT 227.52 and net operating cash flow per share (NOCFPS) of BDT 84.96 for the 18 months period from January 01, 2016 to June 30, 2017.
The company has also reported EPS of BDT 7.29, NAV per share of BDT 227.52 and NOCFPS of BDT 76.33 for the 12 months period from July 01, 2016-June 30, 2017 as against BDT 6.89, BDT 220.22 and BDT 55.27 respectively for the 12 months period from July 01, 2015-June 30, 2016.
There will be no price limit on the trading of the shares of the Company today following its corporate declaration.
Each share of the company, which was listed on the Dhaka bourse in 1993, closed at BDT 347.20 on Sunday.
The company also disbursed 50 percent cash dividend in 2015.
The company’s paid-up capital is BDT 112.50 million and authorized capital is BDT 500 million while total number of securities is 11.25 million.
Sponsor-directors own 19.42 percent stake in the company, while institutional investors own 37.39 percent and the general public own 43.19 percent as on August 31, 2017, the DSE data shows.
BBN/SS/ANS
