Dhaka, Bangladesh (BBN) - Three more companies—Wata Chemicals, Confidence Cement and Salvo Chemicals have recommended dividend for the year ended on June 30, 2018, according to separate official disclosures on Tuesday.
WATA CHEMICALS: The board of directors of Wata Chemicals Ltd has recommended 10 percent cash and 30 percent stock dividend for the year ended on June 30, 2018.
The record is on November 20. Date, time and venue of the annual general meeting will be notified later.
The company has also reported earnings per share (EPS) of BDT 5.51, net asset value (NAV) per share of BDT 76.55 and net operating cash flow per share (NOCFPS) of BDT 5.49 for the year ended on June 30, 2018 as against BDT 3.93 (restated), BDT 73.95 (restated) and BDT 8.71 (restated) respectively for the same period of the previous year.
The company, which was listed on the Dhaka bourse in 1992, disbursed 10 percent cash and 5.0 percent stock dividend in 2017.
Each share of the company closed at BDT 321.20 on Monday at DSE.
The sponsor-directors own 36.41 percent stake in the company, while institutional investors own 38 percent and the general public 25.59 percent as on September 30, 2016.
The company’s paid-up capital is only BDT 91.22 million and authorised capital is BDT 150 million, while total number of securities is 9.12 million, according to statistics from the DSE.
CONFIDENCE CEMENT: The board of directors of Confidence Cement has recommended 15 percent cash and 20 percent stock dividend for the year ended on June 30, 2018.
The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on December 23 in Chattogram.
The record date is on November 22.
The company has reported EPS of BDT 6.93, NAV per share of BDT 76.00 and NOCFPS of minus BDT 9.41 the year ended on June 30, 2018 as against BDT 9.23 (restated), Tk. 84.10 and Tk. 9.35 respectively for the same period of the previous year.
The board has also decided to demolish the Unit-1 at the factory premises for the reason that unit-1 (production capacity 600 Metric Ton per day) is not able to deliver the cost effective production for the company as well as maintenance cost and consumption of electricity there to is so high that it is not financially viable for the company.
The board has also decided to install the Slag Dryer plant in that place which will be cost effective for production and ensure the uninterrupted production of the existing Unit-2 and Unit-3 Plants.
The company, which was listed on the Dhaka bourse in 1995, also disbursed 15 per cent cash and 20 per cent stock dividend in 2017.
Each share of the company closed at Tk 208.90 on Monday at Dhaka bourse.
The sponsor-directors own 29.87 percent stake in the company, while institutional investors own 25.50 percent and the general public 44.63 percent as on September 30, 2016.
The company’s paid-up capital is BDT 539.92 million and authorised capital is BDT 1.0 billion, while total number of securities is 53.99 million, according to statistics from the DSE.
SALVO CHEMICALS: The board of directors of Salvo Chemicals has recommended 5.0 percent stock dividend for the year ended on June 30, 2018.
The AGM will be held on December 19 and the record date is on November 19.
The company has also reported EPS of BDT 0.78, NAV per share of BDT 12.12 and NOCFPS of BDT 1.10 for the year ended on June 30, 2018 as against BDT 0.76 (restated), BDT 11.34 and BDT 1.27 respectively for the same period of the previous year.
There will be no price limit today on the trading of shares of these companies following their corporate disclosures.
BBN/SS/ANS