Dhaka, Bangladesh (BBN) – The board of directors of Fareast Knitting and Dyeing Industries has recommended 5.0 percent cash and 10 percent stock dividend for the year ended on June 30, 2016, said an official disclosure on Tuesday.

The final approval will come during the annual general meeting (AGM) scheduled to be held on November 24 at 10:30am at Factory Premises in Gazipur.

The record date for entailment of dividend is on November.

The company has also reported earning per share (EPS) of BDT 2.0, net asset value (NAV) per share of BDT 19.50 (without revaluation surplus) and net operating cash flow per share (NOCFPS) of BDT 0.63 for the year ended on June 30, 2016 as against BDT 2.14, BDT 19.36 and BDT 2.58 respectively for the same period of the previous year.

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 bourse in 2014, closed at BDT 23.10.

BBN/AD/SR