Aftab Automobiles recommends 16pc cash div

| Updated: October 24, 2017 21:05:34

Aftab Automobiles recommends 16pc cash div

The board of directors of Aftab Automobiles has recommended 16 per cent cash dividend for the general investors only (excluding sponsors/directors) for the year ended on June 30, 2017, said an official disclosure on Sunday.

The sponsors/directors hold 2,72,08,098 shares out of total 9,57,32,422 shares of the company and general shareholders will get a cash dividend of Tk 10,96,38,918.

The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on December 11 at 9:30am in Dhaka.

The record date for entitlement of dividend is on November 9, 2017.

The company has also reported consolidated earnings per share (EPS) of Tk 4.12, consolidated net asset value per share (NAV) per share of Tk 59.27 and consolidated net operating cash flow per share (NOCFPS) of Tk 1.32 for the year ended on June 30, 2017 as against Tk 2.89, Tk 56.08 and Tk 10.44 respectively for the same period of the previous year.

Each share of the company, which was listed on the Dhaka bourse in 1987, closed at Tk 63.90 each on Thursday at Dhaka Stock Exchange (DSE).

The company’s paid-up capital is Tk 957.32 million and authorised capital is Tk 1.20 billion while total number of securities is 95.73 million.

The sponsor-directors own 28.42 per cent stake in the company, institutional investors own  35.09 per cent and the general public 36.49 per cent as on September 30, 2017, the DSE data shows.

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