Dhaka, Bangladesh (BBN) – Summit Power and Summit Alliance Port have recommended dividend for the 18 months period ended on June 30 in 2017, said an official disclosure on Sunday.
SUMMIT POWER:
The board of directors of Summit Power has recommended 30 percent cash dividend for the 18 months period ended on June 30, 2017.
The final approval of recommended dividend will come during the annual general meeting (AGM) scheduled to be held on October 26 at 11:00am at Krisibid Institute Complex in Dhaka.
The record date for entitlement of dividend is on September 27.
The power generation company has also reported earnings per share (EPS) of BDT 5.75, net asset value (NAV) per share of BDT 29.02 and net operating cash flow per share (NOCFPS) of BDT 4.85 for the 18 months period ended on June 30, 2017 and BDT 3.76, BDT 29.02 and BDT 3.68 respectively.
Each share of the company, which was listed on the Dhaka bourse in 2005, closed at BDT 41.90 on Thursday at DSE.
SUMMIT ALLIANCE PORT:
The board of directors of Summit Alliance Port has recommended 18 per cent cash dividend for the 18 months period ended on June 30, 2017.
The final approval of recommended dividend will come during the annual general meeting (AGM) scheduled to be held on October 25 at 11:30am at in Chittagong.
The record date for entitlement of dividend is on September 27.
The company has also reported earnings per share (EPS) of BDT 1.11, net asset value (NAV) per share of BDT 25.04 and net operating cash flow per share (NOCFPS) of BDT 1.71 for the 18 months period ended on June 30, 2017.
Each share of the company, which was listed on the Dhaka bourse in 2005, closed at BDT 40.40 on Thursday at DSE.
There will be no price limit on the trading of the shares of these two companies today following their corporate declarations.
BBN/SS/ANS
