Bangladesh’s four companies recommend dividend

Last updated: October 25, 2017

Dhaka, Bangladesh (BBN) - The board of directors of four more listed companies – BBS Cables, Samorita Hospital, GBB Power and S Alam Clod Rolled Steels – have recommended dividend for the year ended on June 30 in 2017, according to separate official disclosures on Wednesday.

BBS CABLES: The board of directors of BBS Cables has recommended 5.0 percent cash and 15 percent stock dividend for the year ended on June 30 in 2017.

The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on December 12 at factory premises in Gazipur.

The record date for entitlement of dividend is on November 16 in 2017.

The company has also reported earnings per share (EPS) of BDT 4.12, net asset value per share (NAV) per share of BDT 19.17 and net operating cash flow per share (NOCFPS) of BDT 5.33 for the year ended on June 30, 2017 as against BDT 2.46, BDT 16.87 and BDT 1.47 respectively for the same period of the previous year.

BBS Cables, which made its shares trading debut on July 31, this year floated 20 million ordinary shares and raised BDT 200 million from the public using the fixed price method.

The company’s share price closed at BDT 136 each on Tuesday at the Dhaka Stock Exchange (DSE).

The company’s paid-up capital is BDT 1.20 billion and authorised capital is BDT 3.0 billion, while the total number of securities is 120 million.

Sponsor-directors own 33.60 percent stake in the company, while institutional investors own 25.88 percent, foreign investors 0.15 percent and the general public 40.37 percent as on September 30, 2017, the DSE data shows.

SAMORITA HOSPITAL: The board of directors of Samorita Hospital has recommended 10 percent cash and 10 percent stock dividend for the year ended on June 30 in 2017.

The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on December 21 at 11:00am in Dhaka.

The record date for entitlement of dividend is on November 16.

The company has also reported earnings per share (EPS) of BDT 2.34, net asset value per share (NAV) per share of BDT 52.30 and net operating cash flow per share (NOCFPS) of BDT 4.45 for the year ended on June 30, 2017 as against BDT 2.06 (restated), BDT 50.87 (restated) and BDT 3.56 (restated) respectively for the same period of the previous year.

In 2016, the company also disbursed 10 percent cash and 10 percent stock dividend.

Each share of the company, which was listed on the Dhaka bourse in 1997, closed at BDT 90.40 each on Tuesday at the Dhaka Stock Exchange (DSE).

The company’s paid-up capital is BDT 163.42 million and authorised capital is BDT 200 million, while the total number of securities is 16.34 million.

Sponsor-directors own 37.43 percent stake in the company, while institutional investors own 21.36 percent, foreign 0.01 percent and the general public 41.20 percent as on September 30, 2017, the DSE data shows.

GBB POWER: The board of directors of GBB Power has recommended 5.0 percent cash and 5.0 percent stock dividend for the year ended on June 30 in 2017.

The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on December 26 at Conference Hall in Hotel Naz Garden of Bogra.

The record date for entitlement of dividend is on December 3 in 2017.

The company has also reported earnings per share (EPS) of BDT 1.15, net asset value per share (NAV) per share of BDT 21.06 and net operating cash flow per share (NOCFPS) of BDT 1.48 for the year ended on June 30, 2017 as against BDT 0.92, BDT 20.41 and BDT 1.88 respectively for the same period of the previous year.

Each share of the company, which was listed on the Dhaka bourse in 2012, closed at BDT 19.90 each on Tuesday at the Dhaka Stock Exchange (DSE).

The company’s paid-up capital is BDT 969.56 million and authorised capital is BDT 2.0 billion, while the total number of securities is 96.95 million.

Sponsor-directors own 30.01 percent stake in the company, while institutional investors own 12.02 percent, and the general public 57.97 percent as on September 30, 2017, the DSE data shows.

S ALAM COLD ROLLED: The board of directors of S Alam Cold Rolled Steels has recommended 10 percent cash dividend for the year ended on June 30 in 2017.

The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on January 12 in 2018 in Chittagong.

The record date for entitlement of dividend is on November 14 in 2017.

The company has also reported consolidated earnings per share (EPS) of BDT 1.11, consolidated net asset value per share (NAV) per share of BDT 19.55 and consolidated net operating cash flow per share (NOCFPS) of BDT (18.39) for the year ended on June 30, 2017 which was BDT 1.08, BDT 19.44 and BDT 6.85 respectively for the 9 months period from October 01, 2015 to June 30, 2016.

Each share of the company, which was listed on the Dhaka bourse in 2006, closed at BDT 33.20 each on Tuesday at Dhaka Stock Exchange (DSE).

The company’s paid-up capital is BDT 983.71 million and authorised capital is BDT 3.0 billion while total number of securities is 98.37 million.

The sponsor-directors own 48.50 percent stake in the company, institutional investors own 29.64 percent and the general public 21.86 percent as on September 30 in 2017, the DSE data shows.

There will be no price limit on the trading of the shares of these four companies today following their corporate declarations.

BBN/SS/AD

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