stock and cash dividend

Phoenix Finance recommends 20pc cash dividend

Last updated: March 1, 2016

Dhaka, Bangladesh (BBN)-The board of directors of Phoenix Finance & Investments Ltd has recommended 20 per cent cash dividend for the year ended on December 31, 2015, said an official disclosure on Tuesday.
The final approval will come during the annual general meeting scheduled to be held on May 26 at 11:30am at Muktijuddho Smrity Milonayato, Kakrail in Dhaka.
The record date is on March 31.
The company has also reported earnings per share (EPS) of BDT 2.18, net asset value (NAV) per share of BDT 20.76 and net operating cash flow per share (NOCFPS) of BDT 4.21 for the year ended on December 31, 2015 as against BDT 1.64, BDT 20.59 and BDT 4.03 respectively for the year ended on December 31, 2014.
There will be no price limit on the trading of the shares of the Company today following its corporate declaration.
Last trading day’s closing price of each Phoenix Finance share was BDT 24.5.
BBN/SK/AD

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