Dhaka, Bangladesh (BBN) – The board of directors of Far Chemical Industries Limited has recommended 5.0 percent cash and 20 percent stock dividend for the year ended on June 30, 2016, said an official disclosure on Sunday.
The final approval will come during the annual general meeting (AGM) scheduled to be held on November 14.
The record date for entitled for dividend is on October 19.
The company has also reported earnings per share (EPS) of BDT 2.55 and net asset value (NAV) per share of BDT 16.65 for the year ended on June on June 30, 2016.
There will be no price limit on the trading of the shares of the company on Monday following its corporate declaration.
The pharma and chemicals Sector Company’s share price hovered between BDT 25.40 and BDT 25.80, before closing at BDT 25.50 on Sunday.
The board of directors of the company disbursed 25 percent stock dividend for the year ended on June 30, 2015.
Far Chemical was listed on the Dhaka bourse in 2014. The company belongs to the “A” category.
The company’s paid-up capital is BDT 1,364.47 million and authorised capital is BDT 3,000 million while the total number of securities is 136,547,347, the DSE data showed.
The company’s market capitalisation stood at BDT 3,495.61 million as on Sunday.
The sponsor-directors own 32.93 percent stake in the Far Chemicals, while the institutional investors 20.78 percent and the general public 46.29 percent as on August 31, 2016, the DSE data showed.