Dhaka, Bangladesh (BBN) – The board of directors of Sonali Aansh Industries has recommended 10 percent cash dividend for the year ended on June 30, 2016, said an official disclosure on Tuesday.
The final approval will come during the annual general meeting (AGM) scheduled to be held on December 22 at 11:30am and the venue will be notified later.
The record date for entitlement of dividend is on November 28.
The company has also reported earnings per share (EPS) of BDT 1.59, net asset value (NAV) per share of BDT 224.54 and net operating cash flow per share (NOCFPS) of BDT 35.33 for the year ended on June 30, 2016 as against BDT (0.60), BDT 223.95 and BDT (22.66) respectively for the year ended on June 30, 2015.
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 1984, closed at BDT 193.40 on Monday.
The company’s paid-up capital is BDT 27.12 million and authorised capital is BDT 524.50 million, while total number of securities is 2,712,000, according to statistics from the DSE.
The sponsor-directors own 61.99 percent stake in the company, while institutional investors own 5.63 percent and the general public 32.38 percent as on September 29, 2016.
BBN/AD/SR