Dhaka, Bangladesh (BBN) – Bangladesh’s Far East Knitting & Dyeing Industries has recommended 15 percent stock dividend for the year ended on June 30 in 2017, said an official disclosure on Sunday.
The board of directors of the industry will gave the final approval of the dividend during the annual general meeting (AGM) scheduled to be held on December 17 at 10:30am at the factory premises at Chandra Kaliakoir of Gazipur.
The record date for entitlement of the dividend is on October 26 in 2017.
The company has also reported earnings per share (EPS) of BDT 2.16, net asset value per share (NAV) per share of BDT 21.14 and net operating cash flow per share (NOCFPS) of BDT 1.07 for the year ended on June 30, 2017 as against BDT 1.82, BDT 19.43 and BDT 0.57 respectively for the same period of the previous year.
In 2016, the company disbursed 5.0 percent cash dividend and 10 percent stock dividend.
There will be no price limit on the trading of the shares of the company on today following its corporate declaration.
Each share of the company, which was listed on the Dhaka bourse in 2014, closed at BDT 23 on Thursday last at Dhaka Stock Exchange (DSE).
The company’s paid-up capital is BDT 1.61 billion and authorized capital is BDT 3.0 billion while total number of securities is 161.45 million.
The sponsor-directors own 71.05 percent stake in the company, institutional investors own 9.65 percent and the general public own 19.30 percent as on August 31, 2017, the DSE data shows.