Dhaka, Bangladesh (BBN) - LankaBangla Finance has recommended 15 per cent cash and 15 per cent stock dividend for the year ended on December 31, 2016, said an official disclosure on Tuesday.
The board of directors of final approval will come during the annual general meeting (AGM) scheduled to be held on March 30, 2017.
The record date for entitlement of dividend is on March 9, 2017.
The leading non-bank financial institution has also reported consolidated earnings per share (EPS) of BDT 2.87, consolidated net asset value (NAV) per share of BDT 24.16 and consolidated net operating cash flow per share (NOCFPS) of BDT 9.02 for the year ended on December 31, 2016 as against BDT 1.53 (restated), BDT 22.63 (restated) and BDT 10.72 (restated) respectively for the same period of the previous year.
There will be no price limit on the trading of the shares of the company today following its corporate declaration.
Each share of LankaBangla Finance, which was listed on the Dhaka bourse in 2006, closed at BDT 51.60 on Monday, advancing 0.60 per cent over the previous day.
The company also disbursed 15 per cent cash and 15 per cent stock dividend for the year ended on December 31, 2015.
The company’s paid-up capital is BDT 2.67 billion and authorised capital is BDT 3.0 billion, while the total number of securities is 276.74 million.
The total market capitalisation stood at BDT 13.92 billion as on Monday.
The sponsor-directors own 34.83 per cent stake in LankaBangla, while institutional investors own 31.81 per cent, foreign investors 3.76 per cent and the general public 29.60 per cent as on January 31, 2017, the DSE data shows.
BBN/SK/AD