The board of directors of Bay Leasing & Investment Limited has recommended 10 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2017, said an official disclosure on Sunday.
The final approval of the dividend will come during the annual general meeting scheduled to be held on May 19 in Dhaka.
The record date for entitlement of dividend is April 30.
The Company has also reported consolidated earnings per share of Tk 1.24, consolidated net asset value per share of Tk 19.94 and consolidated net operating cash flow per share of Tk 0.21 for the year ended on December 31, 2017 as against Tk 0.77, Tk 20.19 and Tk 2.03 respectively for the same period of the previous year.
In 2016, the company also disbursed 15 per cent cash dividend.
There will be no price limit on the trading of the shares of the bank today (Sunday) following its corporate declaration.
Each share of the company, which was listed on the Dhaka bourse in 2009, closed at Tk 24.30 on Thursday last at the Dhaka Stock Exchange.
The company’s paid-up capital is Tk 1.30 billion and authorised capital is Tk 3.0 billion while the total number of securities is 130.90 million.
The sponsor-directors own 36.25 per cent stake in the company, while the institutional investors 34.90 per cent and the general public 28.50 per cent as on February 28, 2018, the DSE data shows.
