Dhaka, Bangladesh (BBN)-The board of directors of C & A Textiles, an export-oriented knit composite textile company, recommended 11 percent stock dividend for the year ended on June 30 last year, said an office disclosure on Sunday.
The final approval of the dividend will come during annual general meeting (AGM) scheduled to be held on March 15 in Patenga of Chittagong.
Record date of the dividend is February 15.
The company has also reported EPS of BDT 2.01, NAV per share of BDT 19.31 and NOCFPS of BDT 1.35 for the year ended on June 30, 2014.
There will be no price limit on the trading of the shares of the company Sunday following its corporate declaration.
The Chittagong based textiles maker made trading debut on the both bourses – Dhaka Stock Exchange (DSE) Chittagong Stock Exchange (CSE) – on January 21 this year.
The company is belonging to the “textile” sector under the category of “N”.
Of the total shares – 30.29 percent held by sponsor-directors, 46.57 percent held by institutional investors while 23.14 percent share held by public, according to Dhaka Stock Exchange information.
Under the fixed price method, the company floated 45 million ordinary shares at an offer price of Tk 10 and raised a fund worth Tk 450 million from the public. A market lot is 500 shares.
BBN/BB/ANS-8Feb15-11:40am (BST)