Dhaka, Bangladesh (BBN) – Phoenix Finance and Investment has recommended 20 per cent cash dividend for the year ended on December 31, 2016, said an official disclosure on Sunday.
The board of directors has also decided to issue BDT 2.0 billion subordinated bond to meet capital requirements subject to approval of the regulatory authorities.
The final approval will come during the annual general meeting (AGM) scheduled to be held on June 29 in Dhaka.
The record date for entitlement of dividend is on May 5.
The company has also reported earnings per share (EPS) of BDT 2.33, net asset value (NAV) per share of BDT 21.08 and net operating cash flow per share (NOCFPS) of BDT 3.46 for the year ended on December 31, 2016 as against BDT 2.18, BDT 20.76 and BDT 4.21 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.