The board of directors of Islamic Finance & Investment Ltd. has recommended 10 per cent cash and 4.5 per cent stock dividend for the year ended on December 31, 2018.
The final approval of dividend will come at the annual general meeting (AGM) to be held in Dhaka on May 05, said an official disclosure on Thursday.
The record date for shareholders' entitlement of dividend is April 11.
The non-bank financial institution has also reported earnings per share (EPS) of Tk 1.82 for the year ended on December 31, 2018 as against Tk 1.81 in the previous year.
The net asset value (NAV) per share stood at Tk 14.65 for the year ended on December 31, 2018 as against Tk 14.29 in the previous year.
The net operating cash flow per share (NOCFPS) stood at Tk 4.45 for the year ended on December 31, 2018 as against Tk 16.54 for the previous year.
The NOCFPS has slumped mainly due to a decline in the deposit inflow in 2018, compared to 2017, according to the company.
The Islamic Finance, listed on the Dhaka bourse in 2005, disbursed 14.50 per cent cash dividend for the year ended on December 31, 2017.
Each share of the company closed at Tk 18.90 on Thursday, registering an increase of 1.61 per cent over the previous day on the Dhaka Stock Exchange (DSE).
In the last one year, its share traded between Tk 14.70 and Tk 24 each.
The company's paid-up capital is Tk 1.34 billion and authorised capital is Tk 2.50 billion, while the total number of securities is 134.28 million.
The sponsor-directors own 36.59 per cent stake in the company, while the institutional investors own 33.09 per cent and the general public 30.32 per cent as on February 28, 2019, the DSE data show.
