Dhaka, Bangladesh (BBN) – Eastern Housing Limited of Bangladesh has recommended 25 percent cash dividend for the year ended on June 30 in 2018, said an official disclosure on Tuesday.
The board of directors of the housing company will give the final approval of dividend during the annual general meeting (AGM) scheduled to be held on November 8 in Dhaka.
The record date is on October 11, 2018.
The company has also reported earnings per share (EPS) of BDT 3.48, net asset value (NAV) per share of BDT 60.15 and net operating cash flow per share (NOCFPS) of BDT 9.46 for the year ended on June 30, 2018 as against BDT 2.33, Tk. 58.87 and BDT 12.03 respectively for the same period of the previous year.
The company disbursed 22 percent cash dividend for the year ended on June 30, 2017.
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 on the Dhaka Stock Exchange (DSE) in 1994, closed at BDT 50.20 on Monday at DSE.
The company’s paid-up capital is BDT 933.45 million and authorised capital is BDT 2.0 billion, while the total number of securities is 93.34 million.
The sponsor-directors own 50.09 percent stake in the company, institutional investors 34.98 percent and the general public 14.93 percent as on August 31, 2018, the DSE data shows.