Dhaka, Bangladesh (BBN) - The board of directors of Doreen Power Generations and Systems has recommended 10 percent cash dividend for all shareholders excluding the sponsors/directors and 20 percent stock dividend for all shareholders for the year ended on June 30, 2016, said an official disclosure on Sunday.
The sponsors/directors hold 60 million shares and the cash dividend to be payable to the general shareholders is BDT 20.00 million.
The final approval will come during the annual general meeting (AGM) scheduled to be held on December 18 at 10:30am at Trust Milonayaton in Dhaka.
The record date for entitlement of cash dividend is on November 13.
The company has also reported consolidated earning per share (EPS) of BDT 0.64, consolidated net asset value (NAV) per share (with revaluation) of BDT 34.34, consolidated NAV per share (without revaluation) of BDT 24.67 and consolidated net operating cash flow per share (NOCFPS) of BDT 1.13 for the year ended on 30.06.2016 as against BDT 2.25, BDT 36, BDT 22.30 and BDT 5.90 respectively for the year ended on 30.06. 2015.
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 this year, closed at BDT 80.90 on Thursday last.
The sponsor-directors own 75 percent stake in the Doreen Power, while institutional investors own 9.57 percent and the general public 15.43 per cent as of September 29.
The company’s paid-up capital is BDT 800 million and authorised capital is BDT 2,000 million while total number of securities is 80,000,000, according to DSE figures.
The company’s total market capitalisation stood at BDT 6,472 million as of Thursday.
BBN/AD/SR