Dhaka, Bangladesh (BBN) – The board of directors of IDLC Finance Limited has recommended 30 percent cash dividend for the year ended on December 31 in 2017, said an official disclosure on Thursday.
The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on March 29 in Dhaka.
The record date for entitlement of dividend is on March 8.
The company has also reported consolidated earnings per share (EPS) of BDT 6.13, consolidated net asset value (NAV) per share of BDT 33.41 and consolidated net operating cash flow per share (NOCFPS) of BDT 19.76 for the year ended on December 31, 2017, as against BDT 5.49, BDT 23.70 and BDT (3.18) respectively for the same period of the previous year.
In 2016, the company also disbursed 30 percent cash dividend.
There will be no price limit on the trading of the shares of the company on today following its corporate declaration.
Each share of one of the leading non-bank financial institutions, which was listed on the Dhaka bourse in 1992, closed at BDT 78.40 on Wednesday at the Dhaka Stock Exchange (DSE).
The company’s paid-up capital is BDT 3.77 billion and authorised capital is BDT 10 billion, while the total number of securities is 377.05 million.
The sponsor-directors own 56.66 percent stake in the company, while institutional investors own 15.99 percent, foreign 11.52 percent and the general public 15.83 percent as on December 28, 2017, the DSE data shows.