Dhaka, Bangladesh (BBN) – The board of directors of Simtex Industries has recommended 20 percent cash and 2.0 percent stock dividend for the year ended on June 30, 2016, said an official disclosure.
The final approval will come during the annual general meeting (AGM) scheduled to be held on October 23 at 10am in Dhaka.
The record date for availing the dividends is on September 29.
The company has also reported earnings per share (EPS) of BDT 2.54, net asset value (NAV) per share of BDT 23.29 and net operating cash flow per share (NOCFPS) of BDT 1.25 for the year ended on June 30, 2016 as against BDT 3.36, BDT 22.34 and BDT 4.57 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 the company traded between BDT 23.80 and BDT 24.30, before closing at BDT 23.90 on Monday.
The Simtex was listed on the Dhaka bourse in 2015. The company belongs to the “N” category.
The sponsor-directors own 34.28 percent stake in the Simtex, while institutional investors own 16.09 percent and the general public 49.63 percent as on July 31, 2016.
The company’s paid-up capital is BDT 587.50 million and authorised capital is BDT 1,000 million, while total number of securities is 58,750,000, the DSE data showed.
BBN/AD/SR