The board of directors of Kohinoor Chemicals Ltd has recommended 20 per cent cash and 20 per cent stock dividend for the year ended on June 30, 2019, said an official disclosure on Sunday.
The final approval of dividend will come during the Annual General Meeting (AGM) scheduled to be held on December 15 in Dhaka.
The record date is November 17, 2019.
The company has also reported EPS of Tk. 10.37, NAV per share of Tk. 52.42 and NOCFPS of Tk. 9.37 for the year ended on June 30, 2019 as against Tk. 9.19 (restated), Tk. 43.28 (restated) and Tk. (6.95) (restated) respectively for the same period of the previous year.
The board has also approved Tk 35 million for capital machineries, construction and major overwhelming.
In 2018, the company disbursed 10 per cent cash and 20 per cent stock dividend.
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 1988, closed at Tk 413.20 each on Thursday at Dhaka Stock Exchange (DSE).
The company’s paid-up capital is Tk 168.19 million and authorised capital is Tk 500 million while total number of securities is 16.68 million.
The sponsor-directors own 48.72 per cent stake in the company, institutional investors own 15.12 per cent and the general public 36.16 per cent as on September 30, 2019, the DSE data shows.
