The board of directors of Agricultural Marketing Company Ltd (PRAN) has recommended 32 per cent cash dividend for the year ended on June 30, 2019, 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 21, 2019 in Dhaka.
The record date is November 19, 2019.
The Company has also reported EPS of Tk. 7.30, NAV per share of Tk. 79.94 and NOCFPS of Tk. 35.13 for the year ended on June 30, 2019 as against Tk. 6.94, Tk. 75.39 and Tk. 27.86 respectively for the same period of the previous year.
In 2018, the company also disbursed 32 per cent cash dividend.
There will be no price limit on the trading of the shares of the company today following its corporate declaration.
Each share of the company, which was listed on the Dhaka bourse in 1996, closed at Tk 198.50 on Monday at Dhaka Stock Exchange (DSE).
The company’s paid-up capital is Tk 80 million and authorised capital is Tk 500 million while total number of securities is 8.0 million.
The sponsor-directors own 40.15 cent stake in the company, the institutional investors own 14.72 per cent, and the general public 45.13 per cent as on September 30, 2019, the DSE data shows.
