Dhaka, Bangladesh (BBN)-The board of directors of United Finance Limited has recommended 5.0 per cent cash and 10 per cent stock dividend for the year ended on December 31, 2015, said an office disclosure on Thursday.
The final approval will come during the annual general meeting (AGM) scheduled to be held on April 21 at 10:00am Dhaka Ladies Club.
The record date is on March 10.
The company has also reported net profit after tax of BDT 343.25 million, earning per share (EPS) of BDT 2.22, net asset value (NAV) per share of BDT 17.49 and net operating cash flow per share (NOCFPS) of BDT 18.27 for the year ended on December 31, 2015.
There will be no price limit on the trading of the shares of the company today (Thursday) following its corporate declaration.
United Finance was listed on the Dhaka bourse in 1994. The company belongs to the “A” category.
The company’s paid-up capital is BDT 1,542.9 million and authorized capital is BDT 3,000 million while total number of securities is 154,289,520, according to DSE statistics.
The sponsor-directors own 44.21 per cent stake in the United Finance while institutions own 18.70 percent, foreign 9.1 per cent and general public 27.99 per cent.
Last day’s closing price of each United Finance share was BDT 21.
BBN/SK/AD