Dhaka, Bangladesh (BBN) - GSP Finance Company has recommended 22 per cent cash dividend for the year ended on December 31, 2016, officials said on Sunday.
The dividend recommendation came at a meeting of board of directors of the company held on Sunday in the capital city Dhaka.
The final approval of shareholders will come during the annual general meeting (AGM) scheduled to be held on May 9 in Dhaka.
The record date for entitlement of dividend is on April 30.
The company has also reported consolidated earnings per share (EPS) of BDT 2.87 and consolidated net asset value (NAV) per share of BDT 24.36 for the year ended on December 31, 2016.
There will be no price limit on the trading of the shares of the bank on Monday following its corporate declaration.
Each share of company, which was listed on the Dhaka bourse in 2012, closed at BDT 34.70 on Sunday at DSE.
The company disbursed 15.50 per cent cash dividend in 2015.
The company’s paid-up capital is BDT 1.04 billion and authorised capital is BDT 2.0 billion, while the total number of securities is 104.63 million.
The sponsor-directors own 57.92 per cent stake in the company, while the institutional investors own 18.44 percent, foreigners 3.68 per cent and the general public 19.96 per cent as on February 28, 2017, the DSE data shows.
BBN/SK/AD