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The Financial Express

Union Capital recommends 5.0pc stock dividend

| Updated: May 06, 2019 16:26:15


Union Capital recommends 5.0pc stock dividend

The board of directors of Union Capital has recommended 5.0 per cent stock dividend for the year ended on December 31, 2018 (subject to the approval of Bangladesh Bank and shareholders).

The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on June 20 in Dhaka, said an official disclosure on Sunday.

The record date for entitlement of dividend is May 29.

The company has also reported consolidated EPS of Tk. 0.56, consolidated NAV per share of Tk 14 and consolidated NOCFPS of Tk 0.62 for the year ended on December 31, 2018 as against Tk 1.08 (restated), Tk 13.44 (restated) and Tk 4.17 (restated) respectively for the same period of the previous year.

In 2017, the company also disbursed 5.0 per cent stock dividend.

Each share of the company, which was listed on the Dhaka bourse in 2007, closed at Tk 12.30, gaining 2.50 per cent over the previous session.

In the last one year, its share traded between Tk 10.70 and Tk 17.50 each.

The company’s paid-up capital is Tk 1.64 billion and authorised capital is Tk 2.0 billion while the total number of securities is 164.35 million.

The sponsor-directors own 42.82 per cent stake in the company, while the institutional investors own 21.80 per cent and the general public 35.38 per cent as on March 31, 2018, the DSE data shows.

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