Dhaka, Bangladesh (BBN) – The board of directors of Rangpur Dairy & Food Products has recommended 5.0 percent stock dividend for the 6 months period from January 01, 2016 to June 30, 2016, said an official disclosure on Monday.
However, the company recommended a total 10 percent stock dividend for the 18 months period from January 01, 2015 to June 30, 2016 inclusive of 5.0 percent stock dividend which was declared earlier for the 12 months period from January 01, 2015 to December 31, 2015, said the disclosure.
The final approval will come during the annual general meeting (AGM) scheduled to be held on November 3 at 11am at Factory Premises in Rangpur.
The record date for entitlement of the dividend is on October 18.
The company has reported earnings per share (EPS) of BDT 0.92 and net operating cash flow per share (NOCFPS) of BDT 1.87 for the 18 months period from Jan’15 to June’16 as against BDT 1.14 and BDT 1.70 respectively for the period from Jan’14 to June’15.
Net asset value (NAV) per share was BDT 17.79 as of June 30, 2016 and BDT 17.23 as of June 30, 2015.
The company has reported EPS of BDT 0.31 and NOCFPS of BDT 0.62 for the 6 months period from Jan-June, 2016 as against BDT 0.38 and BDT 0.42 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.
Each share of RD Food, which was listed on the Dhaka bourse in 2011, closed at BDT 13.90 on Sunday.
BBN/AD/SR