Dhaka, Bangladesh (BBN) – The board of directors of Bata Shoe Limited has declared 225 percent interim cash dividend, said an official disclosure on Thursday.
The multinational shoe maker declared this dividend considering the performance of the company up to third quarter (Q3) from January 2016 to September 2016 and the retained earnings up to December 31, 2015, said the statement.
The record date for entitlement of dividend is on December 18.
The company has also reported earnings per share (EPS) of BDT 47.87, net asset value (NAV) per share of BDT 254.11 and net operating cash flow per share (NOCFPS) of BDT 40.90 for period ended on September 2016 as against BDT 42.63, BDT 219.51 and BDT 16.00 respectively for the same period of the previous year.
There will be no price limit on the trading of the shares of the company today following its corporate declaration.
Each share of the multinational company, which was listed on the Dhaka bourse in 1985, closed at BDT 1,180 on Thursday.
The company’s paid-up capital is BDT 136.80 million and authorised capital is Tk 200 million while total number of securities is 13,680,000. The total market cap stood at BDT 16,135.56 million as on Thursday.
The sponsor-directors own 70 percent stake in the Bata Shoe, while institutional investors own 14.45 per cent, foreigners 5.92 percent and the general public 9.63 percent as of October 31, the DSE data showed.