Far East Knitting, BSC recommend dividend for FY 18

Last updated: October 7, 2018

Dhaka, Bangladesh (BBN)- Two more listed companies-- Far East Knitting & Dyeing Industries and Bangladesh Shipping Corporation (BSC) recommended dividend for the year ended on June 30, 2018, according to separate official disclosure on Sunday.

BSC: The board of directors of Bangladesh Shipping Corporation (BSC) has recommended 6.0 percent cash dividend for the year ended on June 30, 2018.

The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on November 24 at 11:00am in Chittagong, said an official disclosure on Wednesday.

The record date is on October 25, 2018.

The state-run corporation has also reported earnings per share (EPS) of BDT 0.82, net asset value (NAV) per share of BDT 53.61 and net operating cash flow per share (NOCFPS) of BDT 1.45 for the year ended on June 30, 2018 as against BDT 0.62, BDT 52.70 and BDT 4.02 respectively for the same period of the previous year.

The company also disbursed 10 percent cash dividend for the year ended on June 30, 2017.

Each share of the company, which was listed on the Dhaka Stock Exchange (DSE) in 1977, closed at BDT 41.10 on Thursday.

The company’s paid-up capital is BDT 1.52 billion and authorised capital is BDT 10 billion, while the total number of securities is 152.53 million.

The government owns 52.10 percent stake in the company while institutional investors own 21.10 percent and the general public 26.80 percent as on August 30, 2018, the DSE data shows.

Far East Knitting: The board of directors of Far East Knitting and Dyeing Industries has recommended 10 percent stock dividend for the year ended on June 30, 2018.

The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on November 22 at 10:30am in Gazipur, said an official disclosure on Wednesday.

The record date is on October 25, 2018.

The company has also reported earnings per share (EPS) of BDT 0.52, net asset value (NAV) per share of BDT 21.45 and net operating cash flow per share (NOCFPS) of BDT 1.41 for the year ended on June 30, 2018 as against BDT 1.07, BDT 18.38 and BDT 1.88 respectively for the same period of the previous year.

The company also disbursed 15 percent stock dividend for the year ended on June 30, 2017.

Each share of the company, which was listed on the Dhaka Stock Exchange (DSE) in 2014, closed at BDT 15.90 on Thursday last.

The company’s paid-up capital is BDT 1.85 billion and authorised capital is BDT 3.0 billion, while the total number of securities is 185.67 million.

The sponsor-directors own 71.05 percent stake in the company while institutional investors own 8.75 percent and the general public 20.20 percent as on September 30, 2018, the DSE data shows.

There will be no price limit on the trading of the shares of these companies today following their corporate declarations.

BBN/SSR/SR

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