Dhaka, Bangladesh (BBN) – Bangladesh’s United Power Generation & Distribution Company and CMC Kamal have recommended dividend for the year ended on June 30 in 2017, according to separate official disclosure on Tuesday.
UNITED POWER: The board of directors of United Power Generation & Distribution Company has recommended 90 percent cash dividend 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 January 27 in 2018 (subject to the approval by the Honorable Court) at Army Golf Club in Dhaka.
The record date for entitlement of dividend is on January 8 in 2018.
The company has reported earnings per share (EPS) of BDT 11.50, net asset value (NAV) per share of BDT 41.22 and net operating cash flow per share (NOCFPS) of BDT 12.19 for the year ended on June 30, 2017 whereas EPS of BDT 15.57, NAV per share of BDT 34.22 and NOCFPS of BDT 15.05 respectively for the 18 months period from January 01 in 2015 to June 30 in 2016.
In 2016, the company disbursed 125 percent cash dividend.
Each share of the power generation company, which was listed on the Dhaka bourse in 2015 under book-building method, closed at BDT 178.50 on Monday the Dhaka Stock Exchange (DSE).
The company’s paid-up capital is BDT 3.62 billion and authorised capital is BDT 8.0 billion, while the total number of securities is 362.94 million.
Sponsor-directors own 92.02 percent stake in the company while institutional investors own 3.68 percent and the general public 4.30 percent as on October 31, 2017, the DSE data shows.
CMC KAMAL: The board of directors of CMC Kamal has recommended 11 percent cash dividend for the year ended on June 30, 2017.
The final approval of dividend will come during the annual general meeting (AGM). Date, time and venue of the AGM will be notified later.
The record date for entitlement of dividend is on December 17.
The company has reported earnings per share (EPS) of BDT 1.92, net asset value (NAV) per share of BDT 19.02 and net operating cash flow per share (NOCFPS) of BDT 2.26 for the year ended on June 30, 2017 as against BDT 1.21, BDT 17.10 and BDT 0.51 respectively for the same period of the previous year.
In 2016, the company disbursed 13 percent stock dividend.
Each share of the textile sector company, which was listed on the Dhaka bourse in 1997, closed at BDT 26.80 on Monday at the Dhaka Stock Exchange (DSE).
The company’s paid-up capital is BDT 1.09 billion and authorised capital is BDT 5.0 billion, while the total number of securities is 109.39 million.
Sponsor-directors own 31.35 percent stake in the company while institutional investors own 11.36 percent and the general public 57.29 percent as on October 31, 2017, the DSE data shows.
The company disclosed first quarter (Q1) EPS for July-September period of 2017 on Tuesday.
As per un-audited Q1 reports, EPS was BDT 0.45 for July-September, 2017 as against BDT 0.37 for July-September, 2016.
NOCFPS was BDT 0.05 for July-September, 2017 as against BDT 0.04 for July-September, 2016. NAV per share was BDT 19.45 as of September 30, 2017 and BDT 19.02 as of June 30, 2017.
There will be no price limit on the trading of the shares of these two companies today following their corporate declarations.
BBN/SS/AD