Dhaka, Bangladesh (BBN) – The board of directors of Bay Leasing and Investment has recommended 15 percent cash dividend for the year ended on December 31 in 2016, said an official disclosure on Tuesday.
The final approval of shareholders will come during the annual general meeting (AGM) scheduled to be held on June 17 in Dhaka.
The record date for entitlement of dividend is on May 31.
The company has also reported consolidated earnings per share (EPS) of BDT 0.77 for the year ended on December 31, 2016 as against BDT 0.73 in the previous year.
Consolidated net asset value (NAV) per share stood at BDT 20.19 for the year ended on December 31, 2016 as against BDT 20.91 a year ago.
And consolidated net operating cash flow per share (NOCFPS) stood at BDT (2.03) for the year ended on December 31, 2016 as against BDT (2.91) 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 2009, closed at BDT 28.60 on Monday at DSE.
In 2015, the company also disbursed 15 percent cash dividend.
The company’s paid-up capital is BDT 1.30 billion and authorised capital is BDT 3.0 billion, while the total number of securities is 130.91 million.
Sponsor-directors own 36.25 percent stake in the company, while institutional investors own 33.61 percent, foreign investors 0.48 percent and the general public 29.66 percent as on March 31, 2017, the DSE data shows.
Bay Leasing & Investment limited is a public limited company which started its journey in February, 1996 as a non-banking financial institution and guided under the Financial Institutions Act of 1993.
From its inception Bay Leasing & Investment ran its operations in a professional manner under the able guidance and leadership of its Board of Directors.
The employees are fully committed and dedicated to its growth and have been very loyal. On account of this the employee turnover of Bay Leasing & Investment is the lowest in the industry.
The customer portfolio is well diversified and a vast number of entrepreneurs have been benefited immensely through long term relationships.