Dhaka, Bangladesh (BBN) – Bangladesh’s Western Marine Shipyard has recommended 20 percent stock dividend for the year ended on June 30 in 2018, said an official disclosure on Tuesday.
The board of directors of the shipyard company will give the final approval of dividend during the annual general meeting (AGM) scheduled to be held on 23 October at 10:00am in Chittagong.
The record date for entitlement of dividend is on October 02.
The company has also reported earnings per share (EPS) of BDT 2.71, net asset value (NAV) per share of BDT 33.02 and net operating cash flow per share (NOCFPS) of BDT 3.70 for the year ended on June 30, 2018 as against BDT 1.91 (restated), BDT 30.57 (restated) and BDT 2.80 respectively for the same period of the previous year.
The company has requested the concerned shareholders to update their beneficiary owner (BO) accounts with present mailing address, contact number, bank details and e-mail address with their respective DP (Depository Participant) before record date.
The company disbursed 3.0 percent cash and 12 percent stock dividend for the year ended on June 30, 2017.
There will be no price limit on the trading of the shares of the company today following its corporate declaration.
Each share of the company, which was listed on the Dhaka Stock Exchange (DSE) in 2014, closed at BDT 27.60 on Monday at DSE.
The company’s paid-up capital is BDT 1.66 billion and authorised capital is BDT 3.0 billion, while the total number of securities is 166.28 million.
The sponsor-directors own 31.65 percent stake in the company while the institutional investors own 18.59 percent and the general public 49.76 percent as on July 31, 2018, the DSE data shows.