Dhaka, Bangladesh (BBN) – The board of directors of LankaBangla Finance has recommended 7.50 percent cash dividend and 7.50 percent stock dividend for the year ended on December 31 in 2017.
The final approval will come during the annual general meeting (AGM) scheduled to be held on March 29 at 10:00am in Dhaka, said an official disclosure on Wednesday.
The record date for entitlement of dividend is on March 8.
The company has also reported consolidated earnings per share (EPS) of BDT 5.97, consolidated net asset value (NAV) per share of BDT 26.16 and consolidated net operating cash flow per share (NOCFPS) of BDT (4.99) for the year ended on December 31, 2017 as against BDT 2.50 (restated), BDT 21.01 (restated) and BDT 7.84 (restated) respectively for the same period of the previous year.
There will be no price limit on the trading of the company’s share trading today following its corporate declaration.
In 2016, the company disbursed 15 percent cash and 15 percent stock dividend.
Each share of the company, which was listed on the Dhaka bourse in 2006, closed at BDT 40.10 on Tuesday at Dhaka Stock Exchange (DSE).
The company’s paid-up capital is BDT 4.77 billion and authorised capital is BDT 10 billion, while the total number of securities is 477.37 million.
The sponsor-directors own 33.56 percent stake in company, while institutional investors own 23.95 percent, foreign 4.23 percent and the general public 38.26 percent as on January 31, 2018, the DSE data shows.