Dhaka, Bangladesh (BBN)-The Board of Directors of Far Chemical Industries and The Peninsula Chittagong have recommended dividend for the year ended on June 30, 2015, according to separate official disclosures on Wednesday.
Far Chemical: The Board of Directors of Far Chemical has recommended 25 per cent stock dividend for the year ended on June 30, 2015.
The board has also decided to increase authorized capital of the company from BDT 1.31 billion to BDT 3.00 billion subject to approval in Extra Ordinary General Meeting (EGM) and regulatory authorities.
The EGM and annual general meeting will be held on November 18 at 11am and 11:30am respectively at Kandirpar, Comilla.
The record date for EGM and AGM is on October 27.
The company has also reported earnings per share (EPS) of BDT 2.73, net asset value (NAV) per share of BDT 17.66 and net operating cash flow per share (NOCFPS) of BDT 0.13 for the year ended on June 30, 2015.
The Peninsula: The Board of Directors of Peninsula Chittagong has recommended 10 percent cash dividend and 5.0 percent stock dividend for the year ended on June 30, 2015.
The final approval will come during the AGM scheduled to be held on November 25 at 10:00am at The King of Chittagong Convention Centre, Chittagong.
The record date is on October 28.
The company has also reported EPS of BDT 1.27, NAV per share of BDT 32.84 and NOCFPS of BDT 0.17 for the year ended on June 30, 2015.
There will be no price limit on the trading of the shares of these two companies today following their corporate declarations.
BBN/SS/SK