Dhaka, Bangladesh (BBN) – The board of directors of Eastern Housing Limited (EHL) has recommended 15 percent cash and 5.0 percent stock dividend for the 11 months period ended on June 30, 2016, said an official disclosure on Thursday.
The final approval will come during the annual general meeting (AGM) scheduled to be held on October 26 at 10:30am at RAOWA Convention Hall in Dhaka.
The record date for availing the dividend is on October 5, 2016.
The company has also reported earnings per share (EPS) of BDT 2.16, net asset value (NAV) per share of BDT 67.67 and net operating cash flow per share (NOCFPS) of BDT (1.63) for the period from August 2015 to June 2016 which was BDT 2.37 (restated), BDT 66.94 (restated) and BDT 3.06 (restated) for the period from August 2014 to July 2015.
There will be no price limit on the trading of the shares of the company today following its corporate declaration.
The company’s share closed at BDT 35.20 each on Wednesday.
Eastern Hosing was listed on the Dhaka bourse in 1994. The company belongs to the “A” category.
The sponsor-directors own 50.09 percent stake in the Eastern Housing, while institutional investors own 22.55 percent and the general public 27.36 percent as on July 31, 2016.
The company’s paid-up capital is BDT 889 million and authorised capital is BDT 2,000 million, while total number of securities is 88,900,146, according to statistics from the DSE.