Dhaka, Bangladesh (BBN) - The board of directors of Navana CNG has recommended 15 percent cash dividend for general shareholders (excluding sponsors) for 15 months that ended on June 30, 2016, said an official disclosure.
The sponsor shareholders hold 2,91,16,427 shares out of total 6,85,28,592 shares of the company and general shareholders will get cash dividend of BDT 5,91,18,247.50, said the disclosure.
The final approval will come during the annual generation meeting (AGM) scheduled to be held on November 8 at 10:30am at Spectra Convention Centre in Dhaka.
The record date for entitlement of cash dividend is on October 10.
The company has also reported earnings per share (EPS) of BDT 4.18 and net asset value (NAV) per share of BDT 31.40 and net operating cash flow per share (NOCFPS) of BDT (2.02) for the 15 months period from April 01, 2015 to June 30, 2016.
There will be no price limit on the trading of the shares of the company today following its corporate declaration.
The company’s share price hovered between BDT 44.20 and BDT 45 on Monday, before closing at BDT 44.40 each, shedding 0.90 percent over the day before.
The company also disbursed 15 percent cash dividend for general shareholders (excluding sponsors) for the year ended on March 31, 2015.
Navana CNG was listed on the stock exchanges in 2009. The engineering sector company belongs to the “A” category.
The company’s paid-up capital is BDT 685.28 million and authorised capital is BDT 1,500 million, while the total number of securities is 68,528,592. The company’s total market cap stood at BDT 3,056.38 million as on Monday.
The sponsor-directors own 42.49 percent stake in the Navana CNG, while institutional investors own 19.77 percent and the general public 37.74 percent as on July 31, 2016, the DSE data showed.
BBN/AD/SR