Dhaka, Bangladesh (BBN) – The board of directors of Stylecraft Limited has recommended 75 percent cash dividend for 15 months period ended on June 30, 2016, said an official disclosure on Sunday.
The final approval will come during the annual general meeting (AGM) and the date of the AGM will be notified later.
The record date for entitled for the dividend is on October 20.
The company has also reported earnings per share (EPS) of BDT 95.42, net asset value (NAV) per share of BDT 462.90 and net operating cash flow per share (NOCFPS) of BDT 219 on the provisional financial statements of 15 months as on June 30, 2016.
There will be no price limit on the trading of the shares of the company today following its corporate declaration.
The textile sector company’s share price hovered between BDT 1,260 and BDT 1,350, before closing at BDT 1,328 on Saturday.
The board of directors of the company disbursed 60 percent cash dividend for the year ended on March 31, 2015.
Stylecraft was listed on the Dhaka bourse in 1983.
The sponsor-directors own 55.45 percent stake in the Saylecraft, while the general public 44.55 percent as on August 31, 2016, the DSE data showed.
BBN/AD/SR