Dhaka, Bangladesh (BBN) – The board of directors of RAK Ceramics has recommended 20 percent cash and 5.0 percent stock dividend for the year ended on December 31, 2016, said an official disclosure on Tuesday.
The final approval will come during the annual general meeting (AGM) of the company scheduled to be held on March 29 in 2017.
Time and venue of the AGM will be notified later, the disclosure added.
The record date for entitlement of dividend is on February 14.
The company has also reported consolidated earnings per share (EPS) of BDT 2.72, consolidated net asset value (NAV) per share of BDT 18.14 and consolidated net operating cash flow per share (NOCFPS) of BDT 3.27 for the year ended on December 31, 2016 as against BDT 3.25, BDT 17.93 and BDT 2.73 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 (Tuesday) following its corporate declaration
The company disbursed 25 percent cash dividend for the year ended on December 31, 2015.
Each share price of the RAK Ceramics closed at BDT 66.30 on Monday.