Dhaka, Bangladesh (BBN) – Bangladesh Shipping Corporation (BSC) has recommended 12 per cent stock dividend for the year ended on June 30, 2016, said an official disclosure on Monday.
The board of directors of final approval will come during the annual general meeting (AGM) scheduled to be held on March 19 at Shaheed Mohammad Fazlur Rahman Munshi Auditorium, Chittagong Port Area in Chittagong.
The record date for entitlement of stock dividend is on March 6.
The corporation has also reported basic earnings per share (EPS) of BDT 4.94, net asset value (NAV) per share of BDT 610 and net operating cash flow per share (NOCFPS) of BDT (7.71) for the year ended on June 30, 2016 as against BDT 3.92, BDT 603.00 and BDT 16.78 for the year ended on June 30, 2015.
There will be no price limit on the trading of the shares of the corporation today following its corporate declaration.
Each share of the state-run company, which was listed on the Dhaka bourse in 1977, closed at BDT 569.90 on Sunday.
The company’s face value remained at BDT 100 each.
The company disbursed 10 per cent cash dividend only for general shareholders except government for the year ended on June 30, 2015.
BBN/SK/AD