The Financial Express

Bashundhara Paper declares 15pc dividend

| Updated: November 13, 2019 13:41:25

Evaly and Fianancial Express Evaly and Fianancial Express
Bashundhara Paper declares 15pc dividend

The board of directors of Bashundhara Paper Mills has recommended 15 per cent cash dividend for general shareholders (other than the sponsors-directors) for the year ended on June 30, 2019, said an official disclosure on Tuesday.

The sponsors/directors hold 147,749,775 shares out of total 173,791,441 shares of the company and the cash dividend to be payable to the general shareholders is Tk 3,90,62,499.

The final approval of dividend will come during the Annual General Meeting (AGM) scheduled to be held on December 24 at International Convention City Bashundhara in Dhaka.

The record date is December 2, 2019.

The company has also reported EPS of Tk. 1.68, NAV per share of Tk. 42.08, and NOCFPS of Tk. 10.07 for the year ended on June 30, 2019 as against Tk. 3.99 (restated), Tk. 42.44 (restated), and Tk. 5.09 (restated) respectively for the same period of the previous year.

In 2018, the company disbursed 20 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 2018, closed at Tk 51.20 on Monday at Dhaka Stock Exchange (DSE).

The company’s paid-up capital is Tk 1.73 billion and authorised capital is Tk 5.0 billion while total number of securities is 173.79 million.

The sponsor-director own 70.86 per cent stake in the company, while the institutional investors own 6.34 per cent, and the general public 22.80 per cent as on October 31, 2019, the DSE data shows.

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