The Financial Express

Aman Feed recommends 20pc cash, 10pc stock dividend

| Updated: October 28, 2017 12:05:59

Aman Feed recommends 30pc dividend

The board of directors of Aman Feed Limited has recommended 20 per cent cash and 10 per cent stock dividend for the year ended on June 30, 2017, said an official disclosure on Thursday.

The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on December 27 11:30am at Factory Premises in Sirajganj.

The record date for entitlement of dividend is on November 20, 2017.

The company has also reported earnings per share (EPS) of Tk 4.54, net asset value (NAV) per share of Tk 33.96 and net operating cash flow per share (NOCFPS) of Tk 4.58 for the year ended on June 30, 2017 as against Tk 4.48, Tk 34.18 and Tk 3.39 respectively for the same period of the previous year.

In 2016, the company also disbursed 20 per cent cash and 10 per cent stock dividend.

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

Each share of the company, which was listed on the Dhaka bourse in 2015, closed at Tk 73 on Wednesday at the Dhaka Stock Exchange (DSE).

The company’s paid-up capital is Tk 1.05 billion and authorised capital is Tk 1.50 billion, while the total number of securities is 105.60 million.

The sponsor-directors own 70.50 per cent stake in the company, while institutional investors own 13.95 per cent, and the general public 15.55 per cent as on September 30, 2017, the DSE data shows.

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