Dhaka, Bangladesh (BBN) – Singer Bangladesh Limited has recommended 100 percent cash dividend for the year ended on December 31 in 2017, said an official disclosure on Sunday.
The board of directors of the company will give the final approval of the dividend during the annual general meeting (AGM) scheduled to be held on May 15 at 10:00am at Spectra Convention Centre in Dhaka.
The record date for entitlement of dividend is April 9.
The company has also reported consolidated earnings per share (EPS) of BDT 9.79, consolidated net asset value (NAV) per share of BDT 28.17 and consolidated net operating cash flow per share (NOCFPS) of BDT 5.17 for the year ended on December 31, 2017 as against BDT 7.12, BDT 25.39 and BDT (7.69) (restated) respectively for the same period of the previous year.
In 2016, the company disbursed 70 percent cash dividend.
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, which was listed on the Dhaka bourse in 1983, closed at BDT 182.50 on Thursday last at the Dhaka Stock Exchange (DSE).
The company’s paid-up capital is BDT 766.94 million and authorised capital is BDT 1.0 billion while the total number of securities is 76.69 million.
The sponsor-directors own 57 percent stake in the company, while institutional investors own 12.43 percent, foreign 11.19 percent and general public 19.38 percent as on January 31, 2 108, the DSE data shows.