Chittagong, Bangladesh (BBN)-The KDS Accessories has recommended 5.0 per cent cash dividend and 10 per cent stock dividend, said an official disclosure on Wednesday.
Board of Directors of KDS Accessories proposed the dividend for the year ended on December 31, 2015.
The final approval will come during the annual general meeting scheduled to be held on June 2 at 10:00am at the Chittagong Club in Chittagong.
The record date is on April 21.
The Company has also reported net profit after tax of BDT 124.99 million, earnings per share (EPS) (weighted) of BDT 2.86, net asset value (NAV) per share of BDT 23.82 and net operating cash flow per share (NOCFPS) of BDT 3.44 for the year ended on 31.12.2015 as against BDT 88.64 million, BDT 2.22, BDT 21.85 and BDT 4.67 respectively for the year ended on 31.12.2014.
There will be no price limit on the trading of the shares of the company today following its corporate declaration.
Tuesday’s closing price of each KDS share was BDT 67.4. The company was listed on the Dhaka bourse last year.