The board of directors of Bangladesh Lamps Limited has recommended 20 per cent cash dividend for the year ended on 30 June 2018.
The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on December 06 at 11:00am in Dhaka, said an official disclosure on Wednesday.
The record date is October 24, 2018.
The company has also reported consolidated earnings per share (EPS) of Tk 4.32, consolidated net asset (NAV) per share of Tk 88.59 and consolidated net operating cash flow per share (NOCFPS) of minus Tk 25.01 for the year ended on 30 June 2018 as against Tk 4.20, Tk 93.71 and minus Tk 4.68 respectively for the same period of the previous year..
The company also disbursed 30 per cent cash dividend for the year ended on June 30, 2017.
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 Stock Exchange (DSE) in 1981, closed at Tk 216.60 on Wednesday.
The company’s paid-up capital is Tk 93.71 million and authorised capital is Tk 500 million, while the total number of securities is 9.37 million.
The sponsor-directors own 61.96 per cent stake in the company, institutional investors 12.35 per cent, foreign 0.03 per cent and the general public 25.66 per cent as on August 31, 2018, the DSE data shows.
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