Dhaka, Bangladesh (BBN) – Two more companies- Matin Spinning Mills and Power Grid Company of Bangladesh –have declareded dividend for the year ended on June 30, 2018, according to separate official disclosures on Monday.
Matin Spinning: The board of directors of Matin Spinning Mills has recommended 17 percent cash dividend for the year ended on June 30, 2018, according to an official disclosure on Monday.
The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on December 13 in Dhaka.
The record date is on November 29.
The company has also reported earnings per share (EPS) of BDT 3.10, net asset value (NAV) per share with revaluation reserve of BDT 43.63, and net operating cash flow per share (NOCFPS) of BDT 5.64 for the year ended on June 30, 2018 as against BDT 2.68, BDT 41.99 and BDT 2.50 respectively for the same period of the previous year.
The board has also approved purchase of three Gas Generators for increasing captive power generation using the expected additional supply of Gas for saving over existing power cost.
Total cost of Generators and installation cost is estimated at BDT 231 million. After installation of the new Generators, the company is expected to save BDT 75 million (approx.) per year.
The company, which was listed on the Dhaka bourse in 2014, disbursed 15 percent cash dividend in 2017.
Each share of the company closed at BDT 41.40 on Sunday at Dhaka Stock Exchange.
There will be no price limit today on the trading of shares of the company following its corporate disclosure.
The sponsor-directors own 32.72 percent stake in the company, while institutional investors own 53.73 percent and the general public 13.55 percent as on September 30, 2018.
The company’s paid-up capital is BDT 974.90 million and authorised capital is BDT 1.50 billion, while total number of securities is 97.49 million, according to statistics from the DSE.
Power Grid: The board of directors of Power Grid Company of Bangladesh has recommended 17 percent cash dividend for the year ended on June 30, 2018, according to an official disclosure on Monday.
The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on December 19 in Dhaka.
The record date is on November 26.
The Company has also reported EPS of BDT 4.73, NAV per share of BDT 108.12 and NOCFPS of BDT 27.51 for the year ended on June 30, 2018 as against BDT 4.33, BDT 89.79 and BDT 21.62 respectively for the same period of the previous year.
The company also disclosed un-audited first quarter earnings today. As the Q1 reports, EPS was BDT 2.43 for July-September 2018 as against BDT 1.69 for July-September 2017.
The company, which was listed on the Dhaka bourse in 2006, disbursed 15 percent cash dividend in 2017.
Each share of the company closed at BDT 47.90 on Sunday at Dhaka Stock Exchange.
There will be no price limit today on the trading of shares of the company following its corporate disclosure.
The company’s paid-up capital is BDT 4.60 billion and authorised capital is BDT 10 billion, while total number of securities is 460.91 million, according to statistics from the DSE.
BBN/SSR/SR
