Dhaka, Bangladesh (BBN) – The board of directors of Sonali Aansh Industries has recommended 10 percent cash dividend for the year ended on June 30 in 2017, said an official disclosure on Sunday.
The final approval of recommended dividend will come during the annual general meeting scheduled to be held on December 31 at 11:30am in Dhaka.
The record date for entitlement of interim dividend is on December 20 in 2017.
The company has also reported earnings per share (EPS) of BDT 1.65, net asset value (NAV) per share of BDT 225.19 and net operating cash flow per share (NOCFPS) of BDT 31.06 for the year ended on June 30, 2017 as against BDT 1.59, BDT 224.54 and BDT (35.33) respectively for the same period of the previous year.
In 2016, the textile company disbursed 12 percent cash dividend.
There will be no price limit on the trading of the shares of the company on today following its corporate declaration.
Each share of the company, which was listed on the Dhaka bourse in 1985, closed at BDT 247.70 each on Thursday at the Dhaka Stock Exchange (DSE).
The company’s paid-up capital is BDT 27.12 million and authorised capital is BDT 100 million, while the total number of securities is 2.71 million.
Sponsor-directors own 55.86 percent stake in the company while the institutional investors own 5.63 percent and the general public 38.51 percent as on October 31, 2017, the DSE data shows.