Dhaka, Bangladesh (BBN) – Singer Bangladesh has recommended 70 per cent cash dividend for the year ended on December 31, 2016, said an official disclosure on Monday.
The board of directors of final approval of this dividend will come during the annual general meeting (AGM) scheduled to be held on May 11 at 10:00am at Spectra Convention Centre in Dhaka.
The record date for entitlement of dividend is on March 20, 2017.
The company has also reported earnings per share (EPS) of BDT 7.12, net asset value (NAV) per share with revaluation reserve of BDT 25.39, NAV per share without revaluation reserve of BDT 18.00 and net operating cash flow per share (NOCFPS) of BDT (8.78) for the year ended on December 31, 2016 as against BDT 4.81, BDT 18.48, BDT 13.22 and BDT 10.05 respectively for the year ended on December 31, 2015.
There will be no price limit on the trading of the shares of the company today following its corporate declaration.
Each share price of the company, which was listed on the Dhaka bourse in 1983, closed at BDT 215 on Sunday.
The company also disbursed 25 percent cash dividend the year ended on December 31, 2015.
The company’s paid-up capital is BDT 767 million and authorised capital is BDT 1.0 billion, while the total number of securities is 76,694,491.
The sponsor-directors own 70.10 per cent stake in Singer BD, while institutional investors 9.51 per cent, foreign investors 2.67 per cent and the general public 17.72 per cent as on January 31, 2017, the DSE data shows.