Dhaka, Bangladesh (BBN) - The board of directors of C&A Textile has recommended 10 percent stock dividend for the year ended on June 30, 2016, said an official disclosure on Sunday.
The final approval will come during the annual general meeting scheduled to be held on December 20 at 10am at Chandgaon Community Centre, C & B Moor in Chittagong.
The record date is on November 27.
The company has also reported earnings per share (EPS) of BDT 1.14, net asset value (NAV) per share of BDT 16.74 and net operating cash flow per share (NOCFPS) of BDT 2.31 for the year ended on June 30, 2016.
There will be no price limit on the trading of the shares of the Company today following its corporate declaration.
Each share of the Chittagong-based company, which was listed on Bangladesh’s stock exchanges in 2015, closed at BDT 7.80 on Thursday.
The company’s paid-up capital is BDT 2,175.60 million and authorised capital is BDT 3,000 million while total number of securities is 217,560,000, according to DSE figures.
The sponsor-directors own 30.29 percent stake in the C&A Textile, while institutional investors own 16.23 percent and the general public 53.48 percent as of September 29, the DSE data showed.
The company disbursed 12 percent stock dividend for the year ended on June 30, 2015.
BBN/AD/SR