ACI Formulations recommends 15pc final dividend

| Updated: October 25, 2017 05:31:45

ACI Formulations recommends 15pc final dividend

The board of directors of ACI Formulations Limited has recommended 15 per cent final cash dividend (Total 35 per cent cash dividend for the year 2016-2017 inclusive of 20 per cent interim cash dividend which has already been paid) for the year ended on June 30, 2017, said an official disclosure on Tuesday.

The final approval of dividend will come during the Annual General Meeting (AGM) scheduled to be held on December 18 at 9:00am at Officers Club in Dhaka.

The record date for entitlement of dividend is on November 13, 2017.

The company has also reported consolidated EPS of Tk 5.85, consolidated NAV per share of Tk 54.35 and consolidated NOCFPS of Tk (6.34) for the year ended on 30.06.2017 and consolidated EPS of Tk 1.98, consolidated NAV per share of Tk. 50.50 and consolidated NOCFPS of Tk. 0.95 for the 6 months period from January-June, 2016 whereas consolidated EPS was Tk 5.06, consolidated NAV per share was Tk. 52.02 and consolidated NOCFPS was Tk (5.15) for the 12 months period from January-December 31, 2015.

 In 2016, the company also disbursed 35 per cent cash dividend.

There will be no price limit on the trading of the shares of the Company today (Tuesday) following its corporate declaration.

Each share of the company, which was listed on the Dhaka bourse in 2008, closed at Tk 198.40 each on Monday at Dhaka Stock Exchange (DSE).

The company’s paid-up capital is Tk 450 million and authorised capital is Tk 500 million while total number of securities is 45 million.

The sponsor-directors own 66.02 per cent stake in the company, institutional investors own 22.61 per cent and the general public 11.37 per cent as on September 30, 2017, the DSE data shows.

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