Summit Alliance recommends 12.50% cash dividend

Last updated: October 1, 2018

Dhaka, Bangladesh (BBN)- The board of directors of Summit Alliance Port Ltd. has recommended 12.50 percent cash dividend for the year ended on 30 June 2018, said an official disclosure on Monday.

The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on November 10 at 11:30am at Summit Alliance Port Depot (West), Katghar, South Patenga in Chittagong.

The record date is on 18 October 2018.

The company has also reported consolidated earnings per share (EPS) of BDT 0.62, consolidated net asset (NAV) per share of BDT 24.70 and consolidated net operating cash flow per share (NOCFPS) of BDT 1.07 for the year ended on 30 June 2018 as against BDT 0.67, BDT 25.04 and BDT 1.26 respectively for the same period of the previous year.

The company disbursed 15 percent cash dividend for the year ended on June 30, 2017.

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 Stock Exchange (DSE) in 2008, closed at BDT 24.50 on Sunday.

The company’s paid-up capital is BDT 2.23 billion and authorised capital is BDT 3.0 billion, while the total number of securities is 223.29 million.

The sponsor-directors own 58.99 percent stake in the company, institutional investors 10.28 percent, foreign 3.71 percent and the general public 27.02 percent as on August 30, 2018, the DSE data shows.

BBN/SSR/AD

Bangladesh Business News
BBN is the country's oldest Business News and Analysis platform, run by veteran business journalist and analyst that you can rely upon.
© Copyright 2024 - BBN - All Rights Reserved
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram