Dhaka, Bangladesh (BBN)– The board of directors of National Housing Finance & Investment has recommended 19 percent cash dividend for the year ended on December 31, 2017, said an official disclosure on Monday.
The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on May 3 at 11:00am in Dhaka.
The company has also reported earnings per share (EPS) of BDT 2.40, net asset value (NAV) per share of BDT 15.98 and net operating cash flow per share (NOCFPS) of BDT 19.84 for the year ended on December 31, 2017 as against BDT 2.29, BDT 15.39 and BDT 15.28 respectively for the same period of the previous year.
In 2016, the company disbursed 18 percent cash dividend. The company paid 17 percent cash dividend in 2015.
There will be no price limit on the trading of the shares of the company today following its corporate declaration.
Each share of the company, which was listed on the Dhaka bourse in 2009, closed at BDT 38.30 on Sunday at the Dhaka Stock Exchange (DSE).
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 60.68 percent stake in the company, while the government owns 9.34 percent, institutional investors 18.45 percent and the general public 11.53 percent as on February 28, 2108, the DSE data shows.