Dhaka, Bangladesh (BBN) – FAS Finance & Investment of Bangladesh has recommended 10 percent stock dividend for the year ended on December 31 in 2017, said an official disclosure on Wednesday.
The board of directors of the company will give the final approval of the dividend during the annual general meeting scheduled to be held on June 20 in Dhaka.
The record date for entitlement of dividend is April 19.
The company has also reported consolidated earnings per share of BDT 1.10, consolidated net asset value per share of BDT 14.67 and consolidated net operating cash flow per share of BDT 8.01 for the year ended on December 31, 2017 as against BDT 0.72 (restated), BDT 14.12 (restated) and BDT 9.10 (restated) respectively for the same period of the previous year.
In 2016, the company disbursed 5.0 percent stock dividend.
There will be no price limit on the trading of the shares of the bank today following its corporate declaration.
Each share of the company, which was listed on the Dhaka bourse in 2008, closed at BDT 13.70 on Tuesday at the Dhaka Stock Exchange.
The company’s paid-up capital is BDT 1.29 billion and authorised capital is BDT 2.10 billion while the total number of securities is 129.07 million.
The sponsor-directors own 32.82 percent stake in the company, while the institutional investors 16.71 percent, and the general public 50.47 percent as on February 28, 2108, the DSE data shows.
On the other hand, the board of directors of Prime Finance & Investment has recommended no dividend for the year ended on December 31, 2017.
With this year, the non-bank financial institution failed to declare any dividend for its investors for the last five consecutive years since 2012 so far.
In 2012, the company disbursed 20 percent stock dividend, the DSE data shows.
The company has also reported consolidated earnings per share of minus BDT 1.68, consolidated net asset value per share of BDT 8.52 and consolidated net operating cash flow per share of BDT 3.27 for the year ended on December 31, 2017 as against minus BDT 3.48, BDT 10.21 and minus BDT 3.31 respectively for the same period of the previous year.
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