Dhaka, Bangladesh (BBN) – United Finance Limited has recommended 10 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2016, said an official disclosure on Sunday.
The Board of Directors of final approval of this dividend will come during the annual general meeting (AGM) scheduled to be held on April 27 at 10:00am at Dhaka Ladies Club.
The record date for entitlement of dividend is on March 16, 2017.
The company has also reported earnings per share (EPS) of BDT 1.84, net asset value (NAV) per share of BDT 17.29 and net operating cash flow per share (NOCFPS) of BDT (2.86) for the year ended on December 31, 2016 as against BDT 2.22, BDT 17.49 and BDT 18.27 respectively for the year ended on December 31, 2015.
There will be no price limit on the trading of the shares of the company today following its corporate declaration.
Each share price of the company, which was listed on the Dhaka bourse in 1994, closed at BDT 25.40 on Thursday last.
The company also disbursed 15 per cent dividend (5.0 percent cash and 10 percent stock) for the year ended on December 31, 2015.
The company’s paid-up capital is BDT 1.70 billion and authorised capital is BDT 3.0 billion, while the total number of securities is 169,718,472.
The sponsor-directors own 52.48 per cent stake in United Finance, while institutional investors 21.51 per cent, foreign investors 0.83 per cent and the general public 25.18 per cent as on January 31, 2017, the DSE data shows.
BBN/SK/AD