Dhaka, Bangladesh (BBN) – Bangladesh’s four listed companies – Apex Tannery, Bangladesh Submarine Cable Company, Fareast Islami Life Insurance Company and Zaheen Spinning – have recommended dividend, according to separate official disclosure on Sunday.

Apex Tannery: The board of directors of Apex Tannery has recommended 40 percent cash dividend for the year ended on June 30, 2017.

The final approval will come during the annual general meeting (AGM) scheduled to be held on September 25 at 10:00am at Bangladesh Shooting Sports Federation in Dhaka.

The record date for entitlement of dividend is on September 10.

The company has also reported earnings per share (EPS) without fair valuation surplus of BDT 2.95, net asset value (NAV) per share of BDT 73.56 and net operating cash flow per share (NOCFPS) of BDT 2.50 for the year ended on June 30, 2017 as against BDT 6.00, BDT 74.38 and BDT 3.08 respectively for the same period of the previous year.
Each share of Apex Tannery, which was listed on the Dhaka bourse in 1985, closed at BDT 149.80 on Thursday last at Dhaka Stock Exchange (DSE.

BSCCL: The board of directors of Bangladesh Submarine Cable Company has recommended 12 percent cash dividend for the year ended on June 30, 2017.

The final approval will come during the annual general meeting (AGM) scheduled to be held on October 7 at 1100am at SMW-5 Submerine Cable Landing Station in Patuakhali.

The record date for entitlement of dividend is on September 20.

The company has also reported earnings per share (EPS) of BDT 1.93, net asset value (NAV) per share of BDT 36.44 and net operating cash flow per share (NOCFPS) of BDT 1.20 for the year ended on June 30, 2017 as against BDT 1.00, BDT 33.95 and BDT 1.76 respectively for the same period of the previous year.

Each share of state-run company, which was listed on the Dhaka bourse in 2012, closed at BDT 117.80 on Thursday last at Dhaka Stock Exchange (DSE.

Fareast Life: The board of directors of Fareast Islami Life Insurance has recommended 15 percent cash and 20 percent stock dividend for the year ended on December 31, 2016.

The final approval will come during the annual general meeting (AGM) scheduled to be held on October 22 at 11:30am at Fareast Tower in Dhaka.

The record date for entitlement of dividend is on September 21.
Each share of company, which was listed on the Dhaka bourse in 2005, closed at BDT 72 on Thursday last at Dhaka Stock Exchange (DSE.

Zaheen Spinning: The board of directors of Zaheen Spinning has recommended 15 percent stock dividend for the year ended on June 30, 2017.

The final approval will come during the AGM scheduled to be held on October 5 at 9:00am at Sughandha Community Centre in Dhaka.

The record date for entitlement of dividend is on September 13.

The company has also reported EPS of BDT 1.39, NAV per share of BDT 14.07 and NOCFPS of BDT 0.75 for the year ended on June 30, 2017 as against BDT 0.89 (restated), Tk. 12.68 (restated) and BDT 1.66 (restated) respectively for the same period of the previous year.

Each share of company, which was listed on the Dhaka bourse in 2015, closed at BDT 27 on Thursday last at Dhaka Stock Exchange (DSE.

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