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The Financial Express

National Housing Finance recommends 20pc dividend

| Updated: April 11, 2019 18:20:37


National Housing Finance recommends 20pc div

The board of directors of National Housing Finance and Investment Limited has recommended 10 per cent cash and 10 per cent stock dividend for the year ended on December 31, 2018.

The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on May 02 at 11:00am in Dhaka, said an official disclosure on Tuesday.

The record date for entitlement of dividends is April 09.

The non-bank financial institution has also reported earnings per share (EPS) of Tk 2.59, net asset value (NAV) per share of Tk 16.68 and net operating cash flow per share (NOCFPS) of Tk 26.10 for the year ended on December 31, 2018 as against Tk 2.40, Tk 15.98 and Tk 19.84 respectively for the same period of the previous year.

The National Housing Finance, which was listed on the Dhaka bourse in 2009, disbursed 19 per cent cash dividend for the year ended on December 31, 2017.

Each share of the company closed at Tk 41.30 on Monday at the Dhaka Stock Exchange (DSE).

In the last one year, its share traded between Tk 35.20 and Tk 85.90 each.

The company’s paid-up capital is Tk 1.06 billion and authorised capital is Tk 2.0 billion, while the total number of securities is 106.39 million.

The sponsor-directors own 60.79 per cent stake in the company, while the government owns 9.34 per cent, institutional investors own 9.76 per cent, foreign investors 9.76 per cent and the general public 20.11 per cent as on February 28, 2019, the DSE data shows.

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