Dhaka, Bangladesh (BBN) – Fareast Finance and Investment has recommended 5.0 per cent cash dividend for the year ended on December 31, 2016, said an official disclosure on Tuesday.
The final approval of shareholders will come during the annual general meeting (AGM) scheduled to be held on June 11 at 10:00am at International Convention City Bashundhara in Dhaka.
The record date for entitlement of dividend is on May 3.
The company has also reported earnings per share (EPS) of BDT 0.63, net asset value (NAV) per share of BDT 12.58 and net operating cash flow per share (NOCFPS) of BDT 1.87 for the year ended on December 31, 2016.
There will be no price limit on the trading of the shares of the company today following its corporate declaration.
Each share of bank, which was listed on the Dhaka bourse in 2013, closed at BDT 11.10 on Monday at DSE.
The company disbursed 10 percent cash dividend in 2015.
The company’s paid-up capital is BDT 1.64 billion and authorised capital is BDT 2.0 billion, while the total number of securities is 164.06 million.
Sponsor-directors own 48.19 per cent stake in the company, while the institutional investors own 19.18 per cent, foreigners 0.19 per cent and the general public 32.44 per cent as on February 28, 2107, the DSE data shows.
BBN/SK/AD