Dhaka, Bangladesh (BBN)-The Union Capital Ltd has recommended 5.0 per cent cash and 7.0 per cent stock dividend, said an official disclosure on Tuesday.
The board of directors of Union Capital proposed the final dividend for the year ended on December 31, 2015.
The final approval will come during the annual general meeting (AGM) scheduled to be held on April 28 at 10:30am at Spectra Convention Centre, Gulshan-1 in Dhaka.
The record date is on April 11.
The company has also reported consolidated net profit after tax of BDT 234.15 million, consolidated earnings per share (EPS) of BDT 1.40, consolidated net operating cash flow per share (NAV) per share of BDT 18.75 and consolidated net operating cash flow per share (NOCFPS) of BDT 3.13 for the year ended on December 31, 2015 as against BDT 199.99 million, BDT 1.50 (restated), BDT 13.59 (restated) and BDT 0.83 (restated) respectively for the year ended on December 31, 2014.
There will be no price limit on the trading of the shares of the company today following its corporate declaration. Monday’s closing price of each Union Capital share was BDT 14.9.
BBN/SK/AD