Dhaka, Bangladesh (BBN) – The board of directors of Titas Gas Transmission and Distribution Company has recommended 20 percent cash dividend for the year ended on June 30, 2016, said an official disclosure on Sunday.
The final approval will come during the annual general meeting (AGM) scheduled to be held on December 26 at 10am at the Officers’ Club in Dhaka.
The record date for entitlement of dividend is on November 17.
The company has also reported earning per share (EPS) of BDT 7.37, net asset value (NAV) per share of BDT 62.64 and net operating cash flow per share (NOCFPS) of BDT 11.17 for the year ended on June 30, 2016.
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 2008, closed at BDT 49.40.
The company’s paid-up capital is BDT 9,892 million and authorised capital is BDT 20,000 million while total number of securities is 989,221,831, according to DSE data.
The government owns 75 percent stake in the Titas Gas, while institutional investors own 13.44 percent, foreign 1.52 percent and the general public 10.04 percent.