Dhaka, Bangladesh (BBN) - National Housing Finance and Investment has recommended 18 per cent cash dividend for the year ended on December 31, 2016, said an official disclosure on Wednesday.
The final approval will come during the annual general meeting (AGM) scheduled to be held on May 11 at 11:00am at RAOWA Convention Hall in Dhaka.
The record date for entitlement of dividend is on April 25.
The bank has also reported earnings per share (EPS) of BDT 2.29, net asset value (NAV) per share of BDT 15.39 and consolidated net operating cash flow per share (NOCFPS) of BDT 15.28 for the year ended on December 31, 2016 as against BDT 2.17, BDT 14.79 and BDT 2.77 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 price of the company, which was listed on the Dhaka bourse in 2009, closed at BDT 51.30 on Tuesday.
In 2015, the company disbursed 17 per cent cash dividend.
The company’s paid-up capital is BDT 1.06 billion and authorised capital is BDT 2.0 billion, while the total number of securities is 106.39 million.
The sponsor-directors own 63.50 per cent stake in the company, while government owns 9.33 per cent, institutional investors 16.59 per cent and the general public 10.58 per cent as on February 28, 2017, the DSE data shows.
BBN/SK/AD