Dhaka, Bangladesh (BBN)– The board of directors of KDS Accessories has recommended 10 percent cash and 5.0 percent stock dividend for the year ended on June 30, 2018.
The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on October 25 at 11:00am in Chittagong, said an official disclosure.
The record date for entitlement of dividend is on September 18, 2018.
The company has also reported earnings per share (EPS) of BDT 2.21, net asset value (NAV) per share of BDT 24.88 and net operating cash flow per share (NOCFPS) of BDT 3.08 for the year ended on June 30, 2018 as against BDT 2.20, BDT 2.81, BDT 24.80 respectively for the same period of the previous year.
In 2017, the company also disbursed 10 percent cash and 5.0 percent stock dividend.
Each share of the company, which was listed on the Dhaka bourse in 2015, closed at BDT 81.70 each on Monday, the last trading day before Eid-ul-Azha vacation.
The company’s paid-up capital is BDT 600.60 billion and authorised capital is BDT 2.0 billion, while the total number of securities is 60.06 million.
The sponsor-directors own 78.93 percent stake in the company while institutional investors own 6.17 percent and the general public 14.90 percent as on June 30, 2018, the DSE data shows.
KDS Accessories is engaged in production of different types of textile accessories like cartons, labels, tags, printings, narrow fabrics, elastics, heat transfer printing and button.