The board of directors of Phoenix Finance and Investment Limited has recommended 20 per cent cash dividend for the year ended on December 31, 2017.
The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on June 28 in Dhaka, said an official disclosure on Thursday.
The record date for entitlement of dividend is May 24.
The company has also reported earnings per share (EPS) of Tk 2.35, net asset value (NAV) per share of Tk 21.41 and net operating cash flow per share (NOCFPS) of Tk 5.34 for the year ended on December 31, 2017 as against Tk 2.33, Tk 21.08 and Tk 3.46 respectively for the same period of the previous year.
In 2016, the company also disbursed 20 per cent cash dividend.
There will be no price limit on the trading of the shares of the bank on today (Thursday) following its corporate declaration.
Each share of the company, which was listed on the Dhaka bourse in 2007, closed at Tk 32 on Wednesday at the Dhaka Stock Exchange (DSE).
The company’s paid-up capital is Tk 1.21 billion and authorised capital is Tk 3.0 billion while the total number of securities is 121.49 million.
The sponsor-directors own 35.71 per cent stake in the company, while the institutional investors own 23.05 per cent, foreign 2.32 per cent and the general public 38.92 per cent as on March 29, 2018, the DSE data shows.
